Daily Archives: August 28, 2021

HC allowed payment of salaries of the employees from Provisionally attached bank accounts under GST

By | August 28, 2021
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HIGH COURT OF DELHI SPNN Business Services (P.) Ltd. v. Commissioner of Central Tax (GST), Delhi RAJIV SHAKDHER AND TALWANT SINGH, JJ. W.P.(C) NO. 2435 OF 2021 CM NO. 7083 OF 2021 MARCH  5, 2021 Tarun Gulati, Sr. Adv, Ms. Vibhooti Malhotra and Bhuvnesh Satija, Advs. for the Petitioner. Satish Aggarwala, SPP, Jasneet Jolly, Gagan Vaswani, Advs. and I.O. Ajab Singh for the Respondent. ORDER 1.… Read More »

Order for special audit is valid even if few questionnaire were unwarranted : HC

By | August 28, 2021
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In any case, even if two-three queries out of forty five queries are found to be unwarranted, as sought to be submitted by Mr.Soparkar, the entire order giving directions can not be set aside treating it to be a nullity. In that view of the matter, both the petitions being devoid of merits deserve to be dismissed.… Read More »

Income Tax Department conducts searches in Maharashtra and Goa I Rs 175 Crore unaccounted income unearthed

By | August 28, 2021
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Ministry of Finance Income Tax Department conducts searches in Maharashtra and Goa Posted On: 28 AUG 2021 The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than… Read More »

Writ Petition can not be filed if Notice issued to file ITR : HC

By | August 28, 2021
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HIGH COURT OF MADRAS Deputy Commissioner of Income Tax, Corporate Circle-1(1) v. Daimler India Commercial Vehicles (P.) Ltd. N. KIRUBAKARAN AND P. VELMURUGAN, JJ. WRIT APPEAL NO.1616 OF 2018 & OTHS. AUGUST  19, 2021 Mrs. Hema Muralikrishnan, Sr. Standing Counsel for the Appellant. Ajay Vohra, Sr. Counsel and N.P. Vijay Kumar for the Respondent. Download Judgment Click here

Framing of rules for the amendments made by the Taxation Laws(Amendment) Act, 2021

By | August 28, 2021
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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th August, 2021 PRESS RELEASE Download Rules  Click here Framing of rules for the amendments made by the Taxation Laws(Amendment) Act, 2021 The Taxation Laws (Amendment) Act, 2021 (2021 Act), which received the assent of the President on the… Read More »

Amount in capital gain account scheme not utilized within specified time, Liable to be Taxed : ITAT

By | August 28, 2021
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the assessee has made payments subsequently, but, not utilised the capital gain amount lying in the capital gain account scheme before the specified date. Therefore, the action of the ld. CIT(A) confirming the addition in my opinion is justified. The various decisions relied on by the ld. counsel for the assessee are distinguishable and not… Read More »

Request of interest waiver dismissed as conditions of Incomet Tax Act not fulfilled : HC

By | August 28, 2021
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HIGH COURT OF MADRAS R.S.Suriya v. Principal Commissioner of Income Tax, Central-2, Chennai S.M. SUBRAMANIAM, J. W.P. NO. 31785 OF 2018 AUGUST  4, 2021 S. Raveekumar for the Petitioner. A.P. Srinivas, Sr. Standing Counsel for the Respondent. ORDER 1. The lis on hand is instituted questioning the legal sustainability of the rejection order passed by the first respondent with reference to… Read More »