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TR Vol-181 Issue-5, 04-Oct-2021
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INCOME TAX : NEWS YOU CAN USE - Advance Tax : Advance tax collection up 52% in September quarter, shows CBDT data 2 >>   
INCOME TAX : NEWS YOU CAN USE - e-Filing Glitches : Infosys, I-T Dept working to fix e-filing glitches, 30 mn transactions done 2 >>   
INCOME TAX : NEWS YOU CAN USE - ITAT : Minimising tax liabilities by lawful means not illegal, says ITAT 3 >>   
INCOME TAX : NEWS YOU CAN USE - Settlement Commission : IT dept asks tax officials to take applications for settlement till Sep 30 4 >>   
INCOME TAX : NEWS YOU CAN USE - STT : Securities transaction tax collection in Sept to exceed full year's target 5 >>   
INCOME TAX : NEWS YOU CAN USE - Union Budget 2022-23 : FinMin to kick-start exercise for Union Budget 2022-23 on October 12 6 >>   
INCOME TAX : STATUTES - Corrigendum to Notification No. 112/2021 dtd. 16-9-2021—Notification No. 116 /2021, dtd. 21-9-2021 [F. No. 370142/39/2021-TPL] 8 >>   
INCOME TAX : STATUTES - Gross Direct Tax Collections for the Financial Year (FY) 2021-22 Register a Growth of 47%—Press Release, dtd. 24-9-2021 8 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Gujarat—Press Release, dtd. 25-9-2021 9 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Tamil Nadu—Press Release, dtd. 25-9-2021 10 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Maharashtra—Press Release, dtd. 27-9-2021 10 >>   
INCOME TAX : STATUTES - Income Tax (30th Amendment) Rules, 2021—Amendment in Rule 10TD—Notification No. 117/2021, dtd. 24-9-2021 [F. No. 370142/44/2021-TPL] 11 >>   
INCOME TAX : SUBSCRIBER’S QUERIES - Survey—Stock surrender—Nature of income and applicability of section 115BBE 12 >>   
INCOME TAX : ARTICLES - Legitimate Tax Plannings Are Allowable—CA. MANOJ GUPTA 15 >>   
INCOME TAX : ARTICLES - Wife Accompanied Husband During Foreign Travel—Expenditure Whether Allowable as Business Expenditure—CA. NISHA BHANDARI 30 >>   
INCOME TAX : ARTICLES - Without Pointing Out Any Defect in the Books of Accounts, Whether Rejection of the Same is Sustainable?—AKHILESH KUMAR SAH 34 >>   
INCOME TAX : CASE LAW DIGESTS - ACIT v. Marks & Spencer Reliance India (P) Ltd. (2021) 181 TR (A) 533 (Mum-Trib) : 2020 TaxPub(DT) 908 (Mum 'D'-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Advantage Strategic Consulting (P) Ltd. v. Pr. CIT & Anr. (2021) 181 TR (A) 536 (Mad-HC) : 2021 TaxPub(DT) 270 (Mad-HC) : (2021) 430 ITR 1 (Mad) 73 >>   
INCOME TAX : CASE LAW DIGESTS - Advent Computer Services Ltd. v. Asstt. CIT (2021) 181 TR (A) 553 (Chen-Trib) : 2020 TaxPub(DT) 4746 (Chenn-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Akshay Colour Dyeing (P) Ltd. v. ITO (2021) 181 TR (A) 537 (Bang-Trib) : 2021 TaxPub(DT) 285 (Bang-Trib) 73 >>   
INCOME TAX : CASE LAW DIGESTS - Anchor Container Services (P) Ltd. v. ITO (2021) 181 TR (A) 542 (Del-Trib) : 2021 TaxPub(DT) 896 (Del-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Andhra Pradesh Industrial Infrastructure Corp. Ltd. v. Dy. CIT (2021) 181 TR (A) 508 (Hyd-Trib) : 2021 TaxPub(DT) 899 (Hyd-Trib) 45 >>   
INCOME TAX : CASE LAW DIGESTS - Antariksh Softtech (P) Ltd. v. ITO (2021) 181 TR (A) 521 (Bang-Trib) : 2020 TaxPub(DT) 2821 (Bang-Trib) : (2020) 183 ITD 577 (Bang-Trib) : (2020) 206 TTJ (Bang-Trib) 612 58 >>   
INCOME TAX : CASE LAW DIGESTS - Ashok Gupta v. Dy. CIT (2021) 181 TR (A) 519 (Ind-Trib) : 2020 TaxPub(DT) 2753 (Ind-Trib) 56 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Sra Systems Ltd. (2021) 181 TR (A) 545 (Mad-HC) : 2021 TaxPub(DT) 1688 (Mad-HC) : (2021) 434 ITR 656 (Mad) 82 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Tata Consultancy Services Ltd. (2021) 181 TR (A) 505 (Mad-HC) : 2021 TaxPub(DT) 1191 (Mad-HC) 41 >>   
INCOME TAX : CASE LAW DIGESTS - Crabel Infotech (P) Ltd. v. ITO (2021) 181 TR (A) 523 (Kol-Trib) : 2021 TaxPub(DT) 766 (Kol-Trib) 59 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. UBS Securities India (P) Ltd. (2021) 181 TR (A) 512 (Mum-Trib) : 2021 TaxPub(DT) 1524 (Mum-Trib) 49 >>   
INCOME TAX : CASE LAW DIGESTS - Exide Life Insurance Company Ltd. v. Asstt. CIT (2021) 181 TR (A) 509 (Bag-Trib) : 2021 TaxPub(DT) 696 (Bang-Trib) 45 >>   
INCOME TAX : CASE LAW DIGESTS - GE Oil & Gas India (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 539 (Mad-HC) : 2021 TaxPub(DT) 694 (Mad-HC) : (2021) 436 ITR 168 (Mad) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Harish Wadhwa v. ITO (2021) 181 TR (A) 543 (Karn-HC) : 2021 TaxPub(DT) 772 (Karn-HC) : (2021) 280 Taxman 171 (Karn) 80 >>   
INCOME TAX : CASE LAW DIGESTS - In re, North American Coal Corpn. India (P) Ltd. (2021) 181 TR (A) 513 (AAR-Mum) : 2021 TaxPub(DT) 581 (AAR-Mum) : (2021) 431 ITR 53 (AAR-Mum) 50 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Ashish Waterproofing (India) (P) Ltd. (2021) 181 TR (A) 554 (Mum-Trib) : 2021 TaxPub(DT) 667 (Mum-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Hargovind Jain (2021) 181 TR (A) 538 (Del-Trib) : 2021 TaxPub(DT) 703 (Del-Trib) 74 >>   
INCOME TAX : CASE LAW DIGESTS - Jeewan Commodities (P) Ltd. v. Pr. CIT (2021) 181 TR (A) 548 (Mum-Trib) : 2021 TaxPub(DT) 699 (Mum-Trib) 85 >>   
INCOME TAX : CASE LAW DIGESTS - K.R. Satyanarayana v. CIT (2021) 181 TR (A) 550 (Kar-HC) : 2021 TaxPub(DT) 75 (Karn-HC) : (2021) 279 Taxman 175 (Karn) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Karnataka Quarries (P) Ltd. v. ITO (2021) 181 TR (A) 514 (Mum-Trib) : 2021 TaxPub(DT) 153 (Mum-Trib) 51 >>   
INCOME TAX : CASE LAW DIGESTS - Kilara Power (P) Ltd. v. ITO (2021) 181 TR (A) 536 (Karn-HC) : 2020 TaxPub(DT) 4714 (Karn-HC) : (2020) 429 ITR 534 (Karn) : (2021) 279 Taxman 437 (Karn) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Kingfisher Finvest India Ltd. v. Dy. CIT (2021) 181 TR (A) 509 (Bang-Trib) : 2020 TaxPub(DT) 4070 (Bang-Trib) 46 >>   
INCOME TAX : CASE LAW DIGESTS - Koppolu Suguna v. ITO (2021) 181 TR (A) 520 (Hyd-Trib) : 2020 TaxPub(DT) 4296 (Hyd-Trib) 56 >>   
INCOME TAX : CASE LAW DIGESTS - Laxmichand Dedhia v. ITO (2021) 181 TR (A) 522 (Mum-Trib) : 2020 TaxPub(DT) 5122 (Mum-Trib) 58 >>   
INCOME TAX : CASE LAW DIGESTS - Metrix Precision Components (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 507 (Kar-HC) : 2020 TaxPub(DT) 4142 (Karn-HC) 44 >>   
INCOME TAX : CASE LAW DIGESTS - N. Chaurasia Associates v. Asstt. CIT (2021) 181 TR (A) 545 (All-Trib) : 2021 TaxPub(DT) 281 (All-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Navanagara Urban Cooperative Bank Ltd. v. Asstt. CIT (2021) 181 TR (A) 518 (Bang-Trib) : 2021 TaxPub(DT) 1701 (Bang-Trib) 55 >>   
INCOME TAX : CASE LAW DIGESTS - Navin Jechand Doshi v. Dy. CIT (2021) 181 TR (A) 523 (Mum-Trib) : 2020 TaxPub(DT) 4739 (Mum-Trib) 59 >>   
INCOME TAX : CASE LAW DIGESTS - Ocwen Financial Solutions (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 505 (Bang-Trib) : 2021 TaxPub(DT) 3753 (Bang-Trib) 42 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Lenovo India (P) Ltd. (2021) 181 TR (A) 516 (Karn-HC) : 2021 TaxPub(DT) 970 (Karn-HC) : (2021) 433 ITR 117 (Karn) : (2021) 280 Taxman 72 (Karn) 53 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Mahalingam (2021) 181 TR (A) 543 (Karn-HC) : 2021 TaxPub(DT) 289 (Karn-HC) : (2021) 278 Taxman 254 (Karn) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Shankarlal Nebhumal Uttamchandani (2021) 181 TR (A) 541 (Guj-HC) : 2020 TaxPub(DT) 568 (Guj-HC) : (2020) 425 ITR 235 (Guj) : (2020) 270 Taxman 41 (Guj) : (2020) 313 CTR (Guj) 184 78 >>   
INCOME TAX : CASE LAW DIGESTS - Preksha Textiles (P) Ltd. v. ITO (2021) 181 TR (A) 540 (Ahd-Trib) : 2020 TaxPub(DT) 4336 (Ahd-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Pricewaterhouse Coopers (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 508 (Kol-Trib) : 2021 TaxPub(DT) 2328 (Kol-Trib) 44 >>   
INCOME TAX : CASE LAW DIGESTS - Prima (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 510 (Pune-Trib) : 2021 TaxPub(DT) 1313 (Pune-Trib) 47 >>   
INCOME TAX : CASE LAW DIGESTS - R. Lakshmamma v. ITO (2021) 181 TR (A) 520 (Bang 'B'-Trib) : 2020 TaxPub(DT) 4516 (Bang 'B'-Trib) : (2020) 185 ITD 547 (Bang 'B'-Trib) 57 >>   
INCOME TAX : CASE LAW DIGESTS - Rameshwar Rao Gurrapu v. ITO (2021) 181 TR (A) 525 (Hyd-Trib) : 2021 TaxPub(DT) 1182 (Hyd-Trib) 62 >>   
INCOME TAX : CASE LAW DIGESTS - Ratnesh Metal Industries (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 524 (Ahd-Trib) : 2021 TaxPub(DT) 2154 (Ahd-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - S.M. Qutubuddin v. ITO (2021) 181 TR (A) 503 (Hyd-Trib) : 2020 TaxPub(DT) 2626 (Hyd-Trib) 40 >>   
INCOME TAX : CASE LAW DIGESTS - Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. v. ITO (2021) 181 TR (A) 551 (Pun-Trib) : 2020 TaxPub(DT) 3835 (Pune-Trib) : (2021) 186 ITD 220 (Pune-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Singh Consultancy (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 525 (Del-Trib) : 2020 TaxPub(DT) 5253 (Del-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Tata Elxsi Ltd. v. Jt. CIT (2021) 181 TR (A) 534 (Bang 'B'-Trib) : 2020 TaxPub(DT) 4556 (Bang 'C'-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Tata Motors Ltd. v. CIT (LTU) (2021) 181 TR (A) 547 (Mum-Trib) : 2020 TaxPub(DT) 294 (Mum-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Urja Investments (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 544 (Mum-Trib) : 2021 TaxPub(DT) 267 (Mum-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - V. Sabitamani v. Asstt. CIT (2021) 181 TR (A) 555 (Mad-HC) : 2020 TaxPub(DT) 3638 (Mad-HC) : (2021) 430 ITR 490 (Mad) : (2020) 317 CTR (Mad) 463 92 >>   
INCOME TAX : CASE LAW DIGESTS - Valvoline Cummins (P). Ltd. v. ACIT & Anr. (2021) 181 TR (A) 503 (Del-Trib) : 2021 TaxPub(DT) 1693 (Del-HC) 39 >>   
INCOME TAX : CASE LAW DIGESTS - Vastu Estate v. ITO (2021) 181 TR (A) 553 (Pune-Trib) : 2020 TaxPub(DT) 4541 (Pune-Trib) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Yashodha Motors (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 519 (Chd-Trib) : 2020 TaxPub(DT) 4513 (Chd-Trib) 55 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Ansys Software (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 567 (Bang-Trib) : 2021 TaxPub(DT) 1805 (Bang-Trib) 104 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Barco Electronic Systems (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 566 (Del-Trib) : 2021 TaxPub(DT) 816 (Del-Trib) 103 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dunnhumby IT Services India (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 559 (Del-Trib) : 2021 TaxPub(DT) 2393 (Del-Trib) 95 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. Convergys India Service (P) Ltd. (2021) 181 TR (B) 561 (Mum-Trib) : 2020 TaxPub(DT) 5581 (Mum-Trib) 98 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. UBS Securities India (P) Ltd. (2021) 181 TR (B) 560 (Mum-Trib) : 2021 TaxPub(DT) 1524 (Mum-Trib) 96 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Fox Network Group Singapore Pte. Ltd. v. Asstt. CIT (2021) 181 TR (B) 558 (Del 'D'-Trib) : 2021 TaxPub(DT) 558 (Del-Trib) 95 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Intercontinental Hotels Group (India) (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 560 (Del-Trib) : 2021 TaxPub(DT) 1642 (Del-Trib) 97 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Ocwen Financial Solutions (P) Ltd. v. Asstt. CIT (2021) 181 TR (B) 562 (Bang-Trib) : 2021 TaxPub(DT) 3753 (Bang-Trib) 98 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Pepsico India Holdings (P) Ltd. v. Asstt. CIT (2021) 181 TR (B) 559 (Del-Trib) : 2021 TaxPub(DT) 2647 (Del-Trib) 95 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Ratnesh Metal Industries (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 568 (Ahd-Trib) : 2021 TaxPub(DT) 2154 (Ahd-Trib) 104 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - UL India (P) Ltd. v. Dy. CIT (2021) 181 TR (B) 564 (Bang-Trib) : 2021 TaxPub(DT) 3847 (Bang-Trib) 100 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : Centre won't hit market to make up for GST compensation shortfall 106 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : Come Jan 1, non-filers of monthly GST return to be barred from filing GSTR-1 107 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : GST panel to consider giving waiver on one day interest, late fee 108 >>   
CORPORATE LAWS & GST : STATUTES - Position Limits for Currency Derivatives Contracts—Circular No. SEBI/HO/MRD2_DCAP/ P/CIR/2021/626, dtd. 7-9-2021 109 >>   
CORPORATE LAWS & GST : STATUTES - Introduction of T+1 Rolling Settlement on an Optional Basis—Circular No. SEBI/HO/MRD2/DCAP/ P/CIR/2021/ 628, dtd. 7-9-2021 109 >>   
CORPORATE LAWS & GST : STATUTES - Clarifications with Respect to Circular dated April 28, 2021 on ‘Alignment of Interest of Key Employees (‘Designated Employees’) of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes’—Circul 109 >>   
CORPORATE LAWS & GST : STATUTES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021—Amendment in Regulations 2, 3, 15, 16, 21, 23, 25, 26, 49, 50, 51, 52, 53, 54, 55, 56, 57, 59, 6 109 >>   
CORPORATE LAWS & GST : STATUTES - Regulation 3 of The Securities and Exchange Board of India (Certification of Associated Persons in The Securities Markets) Regulations, 2007 and Regulation 23 of The Securities and Exchange Board of India (Portfolio Manag 109 >>   
CORPORATE LAWS & GST : STATUTES - Regulation 3 of The Securities and Exchange Board of India (Certification of Associated Persons in The Securities Markets) Regulations, 2007 and Regulation 7 of The Securities and Exchange Board of India (Portfolio Manage 109 >>   
CORPORATE LAWS & GST : STATUTES - Securities Contracts (Regulation) Act, 1956—Grant of Recognition to Stock Exchanges—Renewal of Recognition—Notification No. SEBI/LAD-NRO/GN/2021/50, dtd. 15-9-2021 109 >>   
CORPORATE LAWS & GST : STATUTES - Request for an Interpretative Letter under the Securities and Exchange Board of India (Informal Guidance) Scheme, 2003—Issued by Deputy General Manager Integrated Surveillance Department—SEBI/HO/ISD1/ P/OW/2021/23511/1, d 109 >>   
CORPORATE LAWS & GST : ARTICLES - Allowability of Margin Scheme to Supplier of Old Jewellery—D. RAMACHANDRA RAO 110 >>   
CORPORATE LAWS & GST : ARTICLES - Limited Liability Partnership (Amendment) Act, 2021 : An Overview—PRAGYA LALWANI 113 >>   
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