News Update

Nepali Congress emerges single largest party in electionsGST - Financial constraints and COVID-19 pandemic led to petitioner not filing returns, pay tax and file appeal on time - A justice oriented approach needs to be adopted - Petition allowed: HCTelangana Govt to build metro link between city and airport: KCRCBIC officer, Kumar Santosh of 1990 batch, is no moreMonthly Returns - Handle with Care!I-T - Only in proceedings before court of law or any authority can a person appear & depose evidence on behalf of one's spouse - writ petition filed by assessee's spouse on assesse's behalf is not tenable: HCBeijing Univ students join anti-COVID protests asking Xi Jinping to step down I-T - Search assessment u/s 153A has to be completed within one-year limitation as per Section 153B; orders passed beyond limitation are unsustainable: HCDelhi Airport Customs seizes gold worth Rs 94 lakhsWorld Cup fall-out - Clashes in Brussels after Morocco drubs BelgiumI-T - No addition u/s 68 for unexplained cash credit can be made when assessee has discharged onus of proving genuineness of transaction : ITATCanada brands China as Disruptive Global Actor; reviews rules on foreign investmentSmall plane crashes into power lines - 80K people in Montgomery go without electricityI-T- Genuine typographical mistake in e-filing return is a clear case of mistake apparent on record is curable/rectifiable u/s. 154 of the Act: ITATRolls-Royce lab-tests jet engine running on hydrogenI-T- PCIT erred in exercising its revisionary jurisdiction when twin conditions mentioned u/s 263 were not met: ITATG20 presidency an opportunity for India to focus on global good: PMSouth African lab study indicates next Covid variant can be more aggressiveTrade Unions upset; seek in-person rather than virtual budget meeting with FMGST Council to hold 48th meeting virtually on Dec 17, 2022
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