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TR Vol-180 Issue-6, 09-Aug-2021
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INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : Lok Sabha passes bill to amend insolvency law without debate 2 >>   
INCOME TAX : NEWS YOU CAN USE - Digital Payment : PM Modi launches digital payment solution e-RUPI 2 >>   
INCOME TAX : NEWS YOU CAN USE - Insurance Law : Lok Sabha passes bill to amend public sector general insurance law 4 >>   
INCOME TAX : NEWS YOU CAN USE - Moratorium : Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium 5 >>   
INCOME TAX : NEWS YOU CAN USE - MSMEs : Factoring Regulation Bill to open more credit facilities for MSMEs; FM 6 >>   
INCOME TAX : NEWS YOU CAN USE - MSMEs : Small business suffer as banks shut current accounts after RBI circular 7 >>   
INCOME TAX : STATUTES - Extension of Time Lines for Electronic Filing of Various Forms under the Income Tax Act, 1961 -- Circular No. 15/2021, dtd. 3-8-2021 [F.No. 225/ 49/2021/ITA-II] 9 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Jharkhand -- Press Release, dtd. 29-7-2021 10 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Kanpur -- Press Release, dtd. 30-7-2021 11 >>   
INCOME TAX : STATUTES - CBDT Extends Due Dates for Electronic Filing of Various Forms under the Income Tax Act, 1961 -- Press Release, dtd. 3-8-2021 12 >>   
INCOME TAX : STATUTES - Income Tax (21st Amendment) Rules, 2021 -- Insertion of rule 130 and 131 -- Notification No. 83/2021, dtd. 29-7-2021 [F. No. 370142/30/2021-TPL] 13 >>   
INCOME TAX : SUBSCRIBER’S QUERIES - Gift -- Immovable property 15 >>   
INCOME TAX : ARTICLES - Enhancing Scope of Statement of Financial Transaction or Reportable Account -- CA. MANOJ GUPTA 16 >>   
INCOME TAX : ARTICLES - Definition of Relative for Purpose of Section 40A(2) Vis-a-Vis Relative Under Section 56(2) -- CA. NISHA BHANDARI 27 >>   
INCOME TAX : ARTICLES - No TDS Under Section 194H on Payment to Distributors in Respect of Recharge Vouchers and SIM Cards -- AKHILESH KUMAR SAH 30 >>   
INCOME TAX : CASE LAW DIGESTS - ACME Avenue Infrastructure (P) Ltd. v. ITO (2021) 180 TR (A) 622 (Mum-Trib) : 2021 TaxPub(DT) 1741 (Mum-Trib) 42 >>   
INCOME TAX : CASE LAW DIGESTS - Amit Arora v. Asstt. CIT (2021) 180 TR (A) 660 (Del 'G'-Trib) : 2021 TaxPub(DT) 889 (Del 'G'-Trib) : (2021) 186 ITD 289 (Del 'G'-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Anant Steel (P) Ltd. v. Dy. CIT (2021) 180 TR (A) 658 (Ind-Trib : 2021 TaxPub(DT) 1566 (Ind-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Anjana Sandeep Rathi v. ACIT (2021) 180 TR (A) 643 (Mum-Trib) : 2020 TaxPub(DT) 3132 (Mum-Trib) 63 >>   
INCOME TAX : CASE LAW DIGESTS - AO Simth India Water Products (P) Ltd. v. Dy. CIT (2021) 180 TR (A) 630 (Bang-Trib) : 2021 TaxPub(DT) 974 (Bang-Trib) 50 >>   
INCOME TAX : CASE LAW DIGESTS - Ashok Kumar Malhotra v. ITO (2021) 180 TR (A) 613 (Ranch-Trib) : 2021 TaxPub(DT) 405 (Ranchi-Trib) 34 >>   
INCOME TAX : CASE LAW DIGESTS - Asian Paints Ltd. v. Addl. CIT (2021) 180 TR (A) 619 (Mum-Trib) : 2021 TaxPub(DT) 958 (Mum-Trib) 40 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Biswanath Poddar (2021) 180 TR (A) 645 (Kol-Trib) : 2020 TaxPub(DT) 3892 (Kol-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Smita Electrical Industries (2021) 180 TR (A) 651 (Mum-Trib) : 2021 TaxPub(DT) 1721 (Mum-Trib) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Badeti Venkateswara Rao v. ITO (2021) 180 TR (A) 671 (Vis-Trib) : 2021 TaxPub(DT) 1799 (Visakha Trib) 92 >>   
INCOME TAX : CASE LAW DIGESTS - Balee Plastics (P) Ltd. v. ITO (2021) 180 TR (A) 674 (Mad-HC) : 2021 TaxPub(DT) 1080 (Mum-Trib) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Bhagwati Vintrade (P) Ltd. v. ITO (2021) 180 TR (A) 673 (Kol-Trib) : 2021 TaxPub(DT) 1376 (Kol-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Bharat Rasayan Ltd. v. Asstt. CIT (2021) 180 TR (A) 616 (Del-Trib) : 2021 TaxPub(DT) 1537 (Del-Trib) 37 >>   
INCOME TAX : CASE LAW DIGESTS - Blue Star Engee. & Electronics Ltd. v. Dy. CIT (2021) 180 TR (A) 663 (Mum-Trib) : 2021 TaxPub(DT) 1087 (Mum-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Cyber Park Development & Construction Ltd. (2021) 180 TR (A) 673 (Karn-HC) : 2020 TaxPub(DT) 4155 (Karn-HC) : (2021) 276 Taxman 460 (Karn) 93 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. National College Council (2021) 180 TR (A) 617 (Mad-HC) : 2021 TaxPub(DT) 1724 (Mad-HC) 37 >>   
INCOME TAX : CASE LAW DIGESTS - Dharashiv Sakhar Karkhana Ltd. v. Dy. CIT (2021) 180 TR (A) 662 (Pune-Trib) : 2020 TaxPub(DT) 5455 (Pune-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. J.K. Paper Ltd. (2021) 180 TR (A) 623 (Surat-Trib) : 2020 TaxPub(DT) 5293 (Surat Bench) 43 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Mahindra CIE Automotive Ltd. (2021) 180 TR (A) 621 (Mum-Trib) : 2020 TaxPub(DT) 5610 (Mum-Trib) 42 >>   
INCOME TAX : CASE LAW DIGESTS - Futura Polyster Ltd. v. ITO (2021) 180 TR (A) 615 (Mum-Trib) : 2020 TaxPub(DT) 2895 (Mum-Trib) 36 >>   
INCOME TAX : CASE LAW DIGESTS - Hinal Estate (P) Ltd. v. Pr. CIT (2021) 180 TR (A) 672 (Mum-Trib) : 2021 TaxPub(DT) 1381 (Mum-Trib) 92 >>   
INCOME TAX : CASE LAW DIGESTS - Interactive Avenues (P) Ltd. v. Dy. CIT (2021) 180 TR (A) 632 (Mum 'I'-Trib) : 2020 TaxPub(DT) 5023 (Mum 'I'-Trib) : (2021) 187 ITD 463 (Mum 'I'-Trib) : (2020) 208 TTJ (Mum 'I'-Trib) 945 52 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. M.K. Aqua Hatchery (2021) 180 TR (A) 647 (Visakhapatnam-Trib) : 2021 TaxPub(DT) 358 (Visakha Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Sri Potluri Phanendra Babu (2021) 180 TR (A) 642 (Vis-Trib) : 2020 TaxPub(DT) 5078 (Visakha Trib) 63 >>   
INCOME TAX : CASE LAW DIGESTS - Jhonson Electric Company Limited v. ITO (2021) 180 TR (A) 636 (Surat-Trib) : 2020 TaxPub(DT) 4681 (Surat Bench) 57 >>   
INCOME TAX : CASE LAW DIGESTS - Kalyani Steels Ltd. v. Dy. CIT (2021) 180 TR (A) 617 (Pun-Trib) : 2021 TaxPub(DT) 1838 (Pune-Trib) 38 >>   
INCOME TAX : CASE LAW DIGESTS - Ketan Ratilal Patel v. ACIT (2021) 180 TR (A) 675 (Ahm-Trib) : 2021 TaxPub(DT) 1835 (Ahd-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Kruti Organisers (P) Ltd. v. ITO (2021) 180 TR (A) 641 (Ahd-Trib) : 2020 TaxPub(DT) 2360 (Ahd-Trib) 62 >>   
INCOME TAX : CASE LAW DIGESTS - Kundali Jewels (India) (P) Ltd. v. ITO (2021) 180 TR (A) 632 (Mum-Trib) : 2021 TaxPub(DT) 1102 (Mum-Trib) 53 >>   
INCOME TAX : CASE LAW DIGESTS - Lambodar Vyapaar (P) Ltd. v. ITO (2021) 180 TR (A) 665 (Kol-Trib) : 2021 TaxPub(DT) 1469 (Kol-Trib) 86 >>   
INCOME TAX : CASE LAW DIGESTS - Laxmi Sagar Trade Link (P) Ltd. v. ACIT (2021) 180 TR (A) 631 (Ahd-Trib) : 2021 TaxPub(DT) 241 (Ahd-Trib) 51 >>   
INCOME TAX : CASE LAW DIGESTS - M.L. Singhi & Associates (P) Ltd. v. Dy. CIT (2021) 180 TR (A) 614 (Del-Trib) : 2021 TaxPub(DT) 1211 (Del-Trib) 35 >>   
INCOME TAX : CASE LAW DIGESTS - Maruti Suzuki India Ltd. v. Jt. CIT (2021) 180 TR (A) 663 (Del-Trib) : 2021 TaxPub(DT) 1519 (Del-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Nisharahemad Vajirkhan Pathan v. ITO (2021) 180 TR (A) 659 (Guj-HC) : 2021 TaxPub(DT) 601 (Guj-HC) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Nurul Islam v. ITO (2021) 180 TR (A) 648 (Gau-Trib) : 2021 TaxPub(DT) 399 (Gau-Trib) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Pawan Hans Ltd. v. Dy. CIT (2021) 180 TR (A) 654 (Del-Trib) : 2021 TaxPub(DT) 1633 (Del-Trib) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Karnataka State Co-operative Federation Ltd. (2021) 180 TR (A) 664 (Karn-HC) : 2021 TaxPub(DT) 1509 (Karn-HC) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Khandwala Integrated Finance Services (P) Ltd. (2021) 180 TR (A) 618 (Guj-HC) : 2021 TaxPub(DT) 620 (Guj-HC) 38 >>   
INCOME TAX : CASE LAW DIGESTS - Ram Kandoi v. ITO (2021) 180 TR (A) 633 (Del-Trib) : 2021 TaxPub(DT) 1150 (Del-Trib) 54 >>   
INCOME TAX : CASE LAW DIGESTS - Ranchodbhai C. Patel v. ITO (2021) 180 TR (A) 639 (Ahd-Trib) : 2020 TaxPub(DT) 5303 (Ahd-Trib) : (2021) 186 ITD 523 (Ahd-Trib) 60 >>   
INCOME TAX : CASE LAW DIGESTS - Rato Dratsang v. ITO (2021) 180 TR (A) 669 (Karn-HC) : 2021 TaxPub(DT) 1710 (Karn-HC) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Rich Paints Ltd. v. ITO (2021) 180 TR (A) 643 (Ahd-Trib) : 2020 TaxPub(DT) 5308 (Ahd-Trib) : (2021) 186 ITD 425 (Ahd-Trib) 64 >>   
INCOME TAX : CASE LAW DIGESTS - RMP Holding (P) Ltd. v. ITO (2021) 180 TR (A) 658 (New Del-Trib) : 2020 TaxPub(DT) 4761 (Del-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - S. Suresh v. ITO (2021) 180 TR (A) 659 (Hyd-Trib) : 2021 TaxPub(DT) 1148 (Hyd-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Satyanarayan Sharma v. Pr. CIT (2021) 180 TR (A) 670 (Ind-Trib) : 2021 TaxPub(DT) 106 (Ind-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Shahi Exports (P) Ltd. v. Pr. CIT (2021) 180 TR (A) 669 (Del-Trib) : 2021 TaxPub(DT) 1582 (Del-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Shivam Dhatu Udyog Ltd. v. Dy. CIT (2021) 180 TR (A) 656 (Kol-Trib) : 2021 TaxPub(DT) 1543 (Kol-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - Shri Santhosh Meenakshi Textiles (P) Ltd. v. ITO (2021) 180 TR (A) 613 (Chen-Trib) : 2021 TaxPub(DT) 1565 (Chenn-Trib) 33 >>   
INCOME TAX : CASE LAW DIGESTS - Siraj Ahmed Jamalbhai Bora v. ITO (2021) 180 TR (A) 640 (Mum-Trib) : 2021 TaxPub(DT) 163 (Mum-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Spooner Industries (P) Ltd. v. ITO (2021) 180 TR (A) 641 (Del-Trib) : 2021 TaxPub(DT) 122 (Del-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Sree Sai Veera Service Station v. ITO (2021) 180 TR (A) 655 (Hyd-Trib) : 2021 TaxPub(DT) 1493 (Hyd-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Standard Chartered Grindlays Bank v. Asstt. DIT (2021) 180 TR (A) 620 (Del-Trib) : 2020 TaxPub(DT) 4580 (Del-Trib) 40 >>   
INCOME TAX : CASE LAW DIGESTS - Texcity Software Park Ltd. v. Pr. CIT (2021) 180 TR (A) 622 (Mad-HC) : 2021 TaxPub(DT) 1389 (Mad-HC) 43 >>   
INCOME TAX : CASE LAW DIGESTS - Umesh Premchandani v. Asstt. CIT (2021) 180 TR (A) 638 (Ind-Trib) : 2020 TaxPub(DT) 4765 (Ind-Trib) 59 >>   
INCOME TAX : CASE LAW DIGESTS - Vamita Singh v. ITO (2021) 180 TR (A) 673 (JP-Trib) : 2021 TaxPub(DT) 1277 (Jp-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - Vijayeta Buildcon (P) Ltd. v. Asstt. CIT (2021) 180 TR (A) 634 (JP-Trib) : 2020 TaxPub(DT) 4588 (Jp-Trib) : (2021) 186 ITD 493 (Jp-Trib) 55 >>   
INCOME TAX : CASE LAW DIGESTS - Vikash v. ITO (2021) 180 TR (A) 650 (Del-Trib) : 2021 TaxPub(DT) 1806 (Del-Trib) 70 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - A.O. Simth India Water Products (P) Ltd. v. Dy. CIT (2021) 180 TR (B) 682 (Bang-Trib) : 2021 TaxPub(DT) 974 (Bang-Trib) 103 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - ABB AG C/o. ABB India Ltd. v. Dy. CIT (2021) 180 TR (B) 680 (Bang 'C'-Trib) : 2020 TaxPub(DT) 5000 (Bang 'C'-Trib) 100 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Asian Paints Ltd. v. Addl. CIT (2021) 180 TR (B) 681 (Mum-Trib) : 2021 TaxPub(DT) 958 (Mum-Trib) 102 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - DIT v. Abbey Business Services India (P) Ltd. (2021) 180 TR (B) 684 (Karn-HC) : 2020 TaxPub(DT) 5432 (Karn-HC) 104 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. J.K. Paper Ltd. (2021) 180 TR (B) 683 (Surat-Trib) : 2020 TaxPub(DT) 5293 (Surat Bench) 103 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Expeditors International of Washington Inc. v. Dy. CIT (2021) 180 TR (B) 680 (Del-Trib) : 2021 TaxPub(DT) 994 (Del-Trib) 101 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - In re : Elsevier BV (2021) 180 TR (B) 679 (AAR-Mum) : 2021 TaxPub(DT) 579 (AAR- Mum) : (2021) 432 ITR 251 (AAR- Mum) 100 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - In re, Copal Partners Ltd. (2021) 180 TR (B) 678 (AAR-Mum) : 2021 TaxPub(DT) 575 (AAR- Mum) : (2021) 431 ITR 379 (AAR-Mum) 98 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Standard Chartered Grindlays Bank v. Asstt. DIT (2021) 180 TR (B) 678 (Del-Trib) : 2020 TaxPub(DT) 4580 (Del-Trib) 99 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Vishay Components India (P) Ltd. v. Asstt. CIT (2021) 180 TR (B) 682 (Pune-Trib) : 2020 TaxPub(DT) 5511 (Pune-Trib) 102 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : 'Definitely going to happen'; CEA on GST rate structure rationalisation 106 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : GST collection recovers to a 3-month high of Rs 1.16 trn in July 107 >>   
CORPORATE LAWS & GST : STATUTES - Clarification Regarding Extension of Limitation under GST Law in Terms of Hon’ble Supreme Court’s Order dtd 27-04-2021 -- Circular No. 157/13/2021-GST, dtd. 20-7-2021 [F.No. CBIC-20006/10/2021] 109 >>   
CORPORATE LAWS & GST : ARTICLES - Attachment of Bank Account on the Basis of Proceeding Initiated Under Section 71 -- Validity of -- PURNENDU SAHAI 112 >>   
CORPORATE LAWS & GST : ARTICLES - Overview of Annual KYC of Directors -- PRAGYA LALWANI 115 >>   
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