Surcharge for money received from customers in old Notes โ€“ ITAT directs Assessee to provide full details

[ad_1] Shri Palanisamy Chinnasamy vs ITO (ITAT Chennai) In this case, the assessment was completed according to ยง 144 rows 144 par. 1 letter b) of the Act by adding o โ‚น0,5,34,000/- under Section 69A of the Act on the ground that the money received from the customers on various dates in old currency notes cannot be considered genuine as the assessee should not have received currency as per norms. The assessee claims to have received and remitted the demonetised currency within the period prescribed by the Special Banknotes (Extinction…

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Congress turns another full circle, Sonia Gandhi appears back at the wheel

[ad_1] Following the humiliating defeat suffered by the Congress in yet another round of Assembly elections, interim chief Sonia Gandhi appears to be taking a more active role in running of the party. Apart from leading placatory overtures to the dissident G23 group, she has spoken in Parliament thrice since March 10. ๐Ÿ—ž๏ธ Subscribe Now: Get Express Premium to access the best Election reporting and analysis ๐Ÿ—ž๏ธ To put this in context, since 2019, when the BJP returned to power, Gandhi has spoken in Parliament all of four times โ€“…

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