Shri Sanjay Singal Vs DCIT (ITAT Chandigarh) -
Shri Sanjay Singal Vs DCIT (ITAT Chandigarh) Addition of Rs. 61.86 Crore in 9 Appeals on Account of Bogus Long Term Capital Gain U/S 10(38) Claimed Deleted on Facts of Alleged Penny Scrip of PIL (Praneta Industries Ltd) and Revenue Rule 29 Application Containing Fir Filed by ED Against Companies of Bhushan Group & Statement […]...
Circular No. 21/2021-Customs -
24/09/2021
As a temporary measure to ease containers available presently for export of containerised cargo and with aim of promoting export of laden marine containers, it is guided that, where the initial period of 6 months is till on or before 31.03.2022, the above provision of the Circular may also be applied on receiving intimation before expiry ...
Mr. C. Jegaveerapandian Vs ITO (ITAT Chennai) -
For the condonation of the delay, the assessee has to show that there must be a sufficient cause to condone the delay. In this case, the assessee himself decided as per his affidavit not to go to his house knowingly that there must be an assessment order. No one is prevented the assessee to go to his house therefore, we are of the opinion...
Jayaseelan Vs ITO (ITAT Chennai) -
Jayaseelan Vs ITO (ITAT Chennai) Shri Jayaseelan (the Appellant) has filed the current appeal being aggrieved against the order dated March 5, 2018 passed by the ld. Commissioner of Income Tax (Appeals) (the CIT(A)) for the assessment year 2014-15 wherein the claim of the Appellant claiming benefit under section 54 of the Income Tax Act...
Office Memorandum No. 31011/12/2021-DIR(NC) -
24/09/2021
Group of Minister on GST System Reforms is constituted with following composition, subsuming the earlier GoMs on IT challenges and revenue mobilization:...
Office Memorandum No. S-31011/12/2021-DIR(NC) -
24/09/2021
Council has decided to constitute a GoM to look into matters related to rate rationalization and correction of inverted duty structure. Accordingly, a Group of Ministers on Rate Rationalization is being constituted with following composition:...
Sri Ramaiah Harish Vs ITO (ITAT Bangalore) -
Ramaiah Harish Vs ITO (ITAT Bangalore) It was held that an independent building can have a number of residential units and it will not lose the character of one residential house....
F.No. 3/5/2020-AC -
24/09/2021
As you are aware, RBI vide their Master Circular dated 4.2.2018 extended the KCC facility to the farmers engaged in animal husbandry and fisheries for their working capital requirement....
Notification No. S.O. 3958(E). -
24/09/2021
FEMA 1999: Govt appoints Regional Special Director (Appeals) to hear appeal against order of Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th September, 2021 S.O. 3958(E).—In exercise of the powers conferred by sub-section (1) of section 17 of the Foreign Exchange Management Act, 1999 (...
ITO Vs P.H. Chandrashekar (ITAT Bangalore) -
ITO Vs P.H. Chandrashekar (ITAT Bangalore) Non-disposal of objections filed by the assessee before the completion of assessment is against the procedure prescribed by Hon’ble Supreme Court in the case of GKN Driveshafts (P) Ltd (supra). Hence the same will vitiate the impugned assessment order. FULL TEXT OF THE ORDER OF ITAT BANGALORE T...