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2023-TIOL-NEWS-052 Part 2 | March 03, 2023

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TIOL AWARDS

 
INCOME TAX

2023-TIOL-251-ITAT-MUM

DCIT Vs Maneesh Pharmaceuticals Ltd

Whether issuance of notice u/s 274 is statutory requirement before passing penalty order u/s 271(1)(c) - YES: ITAT

- Revenue's appeal partly allowed: MUMBAI ITAT

2023-TIOL-250-ITAT-MUM

DCIT Vs Guru Nanak Vidyak Society

Whether the exemption u/s 11 of the Act exceed 15% of the income so accumulated - NO: ITAT

- Revenue's appeal partly allowed: MUMBAI ITAT

2023-TIOL-249-ITAT-MUM

DCIT Vs UPL DJAI Power Ltd

Whether assessment order passed in the name of the non est company is invalid - YES: ITAT

- Revenue's appeal dismissed: MUMBAI ITAT

 

 

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NEWS FLASH
 

ED seizes Rs 3 Crore in cash from raid on Jharkhand bureaucrat

‘Dog' nourished for two years turns out to be endangered bear in China

Foxconn pegs USD 700 mn investment in chip plant in Karnataka

Conrad Sangma stakes claim to form Govt in Meghalaya

 
TOP NEWS
 

Deakin University becomes first foreign univ to set up Campus at GIFT City

'Samarth' Scheme for Textiles operational till March 2024

Month-long special drive conducted by RPF in Feb month

Gadkari says 70 projects worth Rs 33,540 Cr underway in AP

 
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