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TR Vol-182 Issue-7, 13-Dec-2021
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INCOME TAX : NEWS YOU CAN USE - Cryptocurrency : Bill on cryptocurrency after Cabinet nod, says FM Nirmala Sitharaman 2 >>   
INCOME TAX : NEWS YOU CAN USE - Digital Currency : RBI wants digital currency included under definition of 'bank note': FinMin 3 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Returns : Over 30 million income tax returns for current fiscal year filed; FinMin 4 >>   
INCOME TAX : NEWS YOU CAN USE - Tax Collection : Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23 5 >>   
INCOME TAX : NEWS YOU CAN USE - Tax Collection : FM Sitharaman bats for expanding tax net, ramping up collections 5 >>   
INCOME TAX : STATUTES - Income Tax Department’s Office Complex at Lucknow, the New ‘Pratyaksh Kar Bhawan’, Inaugurated by Hon’ble Chief Minister of Uttar Pradesh and Hon’ble Finance Minister—Press Release, dtd. 26-11-2021 7 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Rajasthan—Press Release, dtd. 1-12-2021 8 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations on a Real Estate Group in Mumbai and Navi Mumbai Region of Maharashtra—Press Release, dtd. 2-12-2021 8 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Pune, Maharashtra—Press Release, dtd. 2-12-2021 9 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Madhya Pradesh—Press Release, dtd. 3-12-2021 9 >>   
INCOME TAX : STATUTES - More than 3 crore Income Tax Returns Filed on the New e-Filing Portal of the Income Tax Department; Taxpayers who are yet to File their ITRs for AY 2021-22 Advised to File at the Earliest—Press Release, dtd. 5-12-2021 10 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Delhi—Press Release, dtd. 6-12-2021 11 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in West Bengal—Press Release, dtd. 6-12-2021 11 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Gujarat—Press Release, dtd. 7-12-2021 12 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Search Operations in Tamil Nadu—Press Release, dtd. 7-12-2021 12 >>   
INCOME TAX : SUBSCRIBER’S QUERIES - Section 115BAC—New Tax Regime—Allowability of exemption to disability persons 13 >>   
INCOME TAX : ARTICLES - Partner Introducing Immovable Property as Capital Contribution in Firm—Interplay of Section 45(3) and 50C—CA. MANOJ GUPTA 15 >>   
INCOME TAX : ARTICLES - Rectification of Trust Deed—Impact Thereof—CA. NISHA BHANDARI 27 >>   
INCOME TAX : ARTICLES - Whether a Sale Deed in Respect of an Immovable Property is Void if the Same is Without Any Consideration?—AKHILESH KUMAR SAH 31 >>   
INCOME TAX : CASE LAW DIGESTS - Ajaz Farooqi v. Dy. CIT (2021) 182 TR (A) 749 (Hyd-Trib) : 2021 TaxPub(DT) 2450 (Hyd-Trib) 53 >>   
INCOME TAX : CASE LAW DIGESTS - AKS Power Equipments (P) Ltd. v. Dy. CIT (2021) 182 TR (A) 746 (Kol-Trib) : 2021 TaxPub(DT) 4676 (Kol 'B'-Trib) 50 >>   
INCOME TAX : CASE LAW DIGESTS - Amit H. Patel (HUF) v. Dy. CIT (2021) 182 TR (A) 773 (Mum-Trib) : 2021 TaxPub(DT) 4198 (Mum-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - Arch Pharmalabs Ltd. v. Asstt. CIT (2021) 182 TR (A) 753 (Mum-Trib) : 2021 TaxPub(DT) 2082 (Mum-Trib) 57 >>   
INCOME TAX : CASE LAW DIGESTS - Artistic Stone (P) Ltd. v. ACIT (2021) 182 TR (A) 790 (Sur-Trib) : 2021 TaxPub(DT) 2918 (Surat Bench) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Ashish Subodchandra Shah v. Pr. CIT (2021) 182 TR (A) 789 (Ahd-Trib) : 2021 TaxPub(DT) 4027 (Ahd-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Hotel Leela Ventures Ltd. (2021) 182 TR (A) 782 (Mum-Trib) : 2021 TaxPub(DT) 2568 (Mum-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Rajni Sales (P) Ltd. (2021) 182 TR (A) 764 (Del-Trib) : 2021 TaxPub(DT) 4138 (Del-Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Sarvottam Commodities (P) Ltd. (2021) 182 TR (A) 780 (Del-Trib) : 2021 TaxPub(DT) 4150 (Del-Trib) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Sobha Developers Ltd. (2021) 182 TR (A) 736 (Bang-Trib) : 2021 TaxPub(DT) 3780 (Bang-Trib) 40 >>   
INCOME TAX : CASE LAW DIGESTS - Aum Jewels v. ITO (2021) 182 TR (A) 791 (Del-Trib) : 2021 TaxPub(DT) 5033 (Del 'A'-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Bharat Patodia v. Dy. CIT (2021) 182 TR (A) 746 (Mum-Trib) : 2021 TaxPub(DT) 4427 (Mum-Trib) 51 >>   
INCOME TAX : CASE LAW DIGESTS - Bhavana Jain v. ITO (2021) 182 TR (A) 744 (Del-TRIB) : 2021 TaxPub(DT) 5032 (Delhi SMC Bench) 48 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. KMC Speciality Hospitals India Ltd. (2021) 182 TR (A) 740 (Mad-HC) : 2021 TaxPub(DT) 3932 (Mad-HC) : (2021) 436 ITR 534 (Mad) 44 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Saroja Naidu (2021) 182 TR (A) 747 (Mad-HC) : 2021 TaxPub(DT) 3656 (Mad-HC) : (2021) 281 Taxman 305 (Mad) 51 >>   
INCOME TAX : CASE LAW DIGESTS - Devyani Tex Chem (P). Ltd. v. ACIT (2021) 182 TR (A) 762 (Sur-Trib) : 2021 TaxPub(DT) 3553 (Srt-Trib) 66 >>   
INCOME TAX : CASE LAW DIGESTS - Dilip Kumar Khetan v. ITO (2021) 182 TR (A) 743 (All-Trib) : 2021 TaxPub(DT) 3884 (All-Trib) 47 >>   
INCOME TAX : CASE LAW DIGESTS - DIT v. Mitsubishi Corporation (2021) 182 TR (A) 783 (SC) : 2021 TaxPub(DT) 5030 (SC) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. BSE Ltd. (2021) 182 TR (A) 733 (Mum-Trib) : 2021 TaxPub(DT) 5034 (Mum 'B'-Trib) 38 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Gen X Commodities (P) Ltd. (2021) 182 TR (A) 732 (Del-Trib) : 2021 TaxPub(DT) 4087 (Del-Trib) 36 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. KDP Infrastructure (P) Ltd. (2021) 182 TR (A) 770 (Del-Trib) : 2020 TaxPub(DT) 5043 (Del-Trib) 74 >>   
INCOME TAX : CASE LAW DIGESTS - Google India (P) Ltd. v. CIT (2021) 182 TR (A) 787 (Karn-HC) : 2021 TaxPub(DT) 2295 (Karn-HC) : (2021) 435 ITR 284 (Karn) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Harneet Singh Chandhoke v. Asstt. CIT (2021) 182 TR (A) 766 (Del-Trib) : 2021 TaxPub(DT) 4311 (Del-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Hitesh Ashok Vaswani v. Dy. CIT (2021) 182 TR (A) 732 (Ahd-Trib) : 2020 TaxPub(DT) 4866 (Ahd-Trib) 37 >>   
INCOME TAX : CASE LAW DIGESTS - Inox Leisure Ltd. v. Asstt. CIT (2021) 182 TR (A) 741 (Ahd-Trib) : 2021 TaxPub(DT) 1620 (Ahd-Trib) 45 >>   
INCOME TAX : CASE LAW DIGESTS - Institution of Civil Engineers Society v. Asstt. CIT (2021) 182 TR (A) 733 (Chd-Trib) : 2021 TaxPub(DT) 4313 (Chd-Trib) : (2021) 91 ITR (Trib) 56 (Chd-Trib) 37 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Shraddha & Prasad Joint Venture (2021) 182 TR (A) 782 (Pune-Trib) : 2021 TaxPub(DT) 2780 (Pune-Trib) 86 >>   
INCOME TAX : CASE LAW DIGESTS - Kanakadhara Ventures (P) Ltd. v. Dy. CIT (2021) 182 TR (A) 744 (Hyd-Trib) : 2021 TaxPub(DT) 4782 (Hyd-Trib) 48 >>   
INCOME TAX : CASE LAW DIGESTS - Karnataka Judicial Officers' Credit Co-operative Society Ltd. v. ITO (2021) 182 TR (A) 756 (Bang-Trib) : 2021 TaxPub(DT) 3788 (Bang-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Karnataka State Beverages Corp. Ltd. v. Asstt. CIT (2021) 182 TR (A) 735 (Bang-Trib) : 2021 TaxPub(DT) 4105 (Bang-Trib) 40 >>   
INCOME TAX : CASE LAW DIGESTS - M. George Joseph v. Dy. CIT (2021) 182 TR (A) 748 (Kar-HC) : 2021 TaxPub(DT) 3933 (Karn-HC) 53 >>   
INCOME TAX : CASE LAW DIGESTS - Madhu Solanki v. ITO (2021) 182 TR (A) 750 (Bang-Trib) : 2021 TaxPub(DT) 4300 (Bang-Trib) 55 >>   
INCOME TAX : CASE LAW DIGESTS - Maharashtra Jeevan Pradhikaran Works Division v. Jt. CIT (2021) 182 TR (A) 792 (Pune-Trib) : 2021 TaxPub(DT) 2779 (Pune-Trib) : (2021) 190 ITD 147 (Pune-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Modern Home Care Products Ltd. v. ITO (2021) 182 TR (A) 788 (Del-Trib) : 2021 TaxPub(DT) 1718 (Del-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Moldtek Packaging Ltd. v. Asstt. CIT (2021) 182 TR (A) 735 (Hyd-Trib) : 2021 TaxPub(DT) 3592 (Hyd-Trib) 39 >>   
INCOME TAX : CASE LAW DIGESTS - N. Roja v. Asstt. CIT (2021) 182 TR (A) 772 (Ctk-Trib) : 2020 TaxPub(DT) 2434 (Ctk-Trib) : (2020) 184 ITD 329 (Ctk-Trib) : (2020) 208 TTJ (Ctk-Trib) 603 76 >>   
INCOME TAX : CASE LAW DIGESTS - R.S. Tradelink (P). Ltd. v. Asstt. CIT (2021) 182 TR (A) 790 (Surat-Trib) : 2021 TaxPub(DT) 2476 (Surat-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - S.A. Bhimaraja v. ITO (2021) 182 TR (A) 763 (Chen-Trib) : 2021 TaxPub(DT) 4029 (Chenn-Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - Sabreen v. ITO (2021) 182 TR (A) 749 (Lkw-Trib) : 2021 TaxPub(DT) 3920 (Luck-Trib) 54 >>   
INCOME TAX : CASE LAW DIGESTS - Sanjay Mehta v. ACIT (2021) 182 TR (A) 734 (Kol-Trib) : 2021 TaxPub(DT) 5082 (Kol-Trib) 39 >>   
INCOME TAX : CASE LAW DIGESTS - Taj Paul Bhardwaj v. Pr. CIT (2021) 182 TR (A) 789 (Chd-Trib) : 2021 TaxPub(DT) 2701 (Chd-Trib) : (2021) 88 ITR (Trib) 352 (Chd-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - Tata Capital Ltd. v. Dy. CIT (2021) 182 TR (A) 736 (Mum-Trib) : 2021 TaxPub(DT) 3916 (Mum-Trib) 41 >>   
INCOME TAX : CASE LAW DIGESTS - Ujwal Fine Homes v. Dy. CIT (2021) 182 TR (A) 737 (Pune-Trib) : 2021 TaxPub(DT) 4279 (Pune-Trib) 42 >>   
INCOME TAX : CASE LAW DIGESTS - United Waterproofing Corporation v. ITO (2021) 182 TR (A) 744 (Mum-Trib) : 2021 TaxPub(DT) 5075 (Mum-Trib) 49 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : At Rs 1.31 trn, India's Nov GST collection second-highest in a month yet 98 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : Committed to compensate states for 5 yrs for revenue loss due to GST; FM 99 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : Madras High Court quashes part of CBIC circular on fish meal 100 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : CAG pulls up govt for erroneous process of IGST devolution to states 100 >>   
CORPORATE LAWS & GST : STATUTES - Further Amendments in Notification No.1/2017-Central Tax (Rate), dated 28th June, 2017, Regarding—Notification No. 14/2021-Central Tax (Rate), dtd. 18-11-2021 [F.No.190354/206/2021-TRU] 102 >>   
CORPORATE LAWS & GST : STATUTES - Amendment in Notification No. 11/2017-Central Tax (Rate), dated 28th June, 2017, Regarding—Notification No. 15/2021-Central Tax (Rate), dtd. 18-11-2021 [F. No.354/207/2021-TRU] 102 >>   
CORPORATE LAWS & GST : STATUTES - Further Amendment in Notification No. 12/2017-Central Tax (Rate), dated 28th June, 2017, Regarding—Notification No. 16/2021-Central Tax (Rate), dtd. 18-11-2021 [F. No. 354/207/2021-TRU] 103 >>   
CORPORATE LAWS & GST : STATUTES - Further Amendment in Notification No. 17/2017-Central Tax (Rate), dated 28th June, 2017, Regarding—Notification No. 17/2021-Central Tax (Rate), dtd. 18-11-2021 [F. No. 354/207/2021-TRU] 103 >>   
CORPORATE LAWS & GST : STATUTES - Measures Taken by MCA to Ameliorate Difficulties Faced Due to COVID-19 Pandemic—Press Relese, dtd. 29-11-2021 104 >>   
CORPORATE LAWS & GST : ARTICLES - Initiation of Proceeding by Both State and Centre Officers Simultaneously—Validity—D.K. SAXENA 108 >>   
CORPORATE LAWS & GST : ARTICLES - ESOP under Companies Act, 2013—At a Glance—PRAGYA BHANDARI 111 >>   
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