Section 148 Notice Set Aside as AO Ignored Explanations & Supporting Materials
Ojaswini Retailers Private Limited & anr. Vs Union of India & Ors. (Calcutta High Court) https://taxguru.in/income-tax/section-148-notice-set-ao-explanations-supporting-materials.html?utm_source=follow.it Calcutta High Court quashes Section 148A(3) order and Section
Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him relief
Read more at:https://economictimes.indiatimes.com/wealth/tax/husband-trades-through-wifes-demat-account-incurs-rs-1-95-crore-loss-tax-dept-sends-notice-over-clubbing-of-income-itat-lucknow-grants-him-relief/articleshow/131901718.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr. Yadav from Kanpur filed his income tax return (ITR) for FY 2018-19, he combined his wife’s stock market and F&O
Boardroom’s next governance challenge: AI agents
Boardroom’s next governance challenge: AI agents Boardroom’s next governance challenge: AI agents – Opinion News | The Financial Express https://www.financialexpress.com/opinion/boardrooms-next-governance-challenge-ai-agents/4273028 As enterprises rapidly deploy autonomous
As enterprises rapidly deploy autonomous AI agents with elevated access privileges, traditional human-centric corporate governance is breaking down.
June 21, 2026 21:10 IST By Badal Bhushan For decades, corporate governance rested on a simple assumption: people make decisions, systems execute them. That assumption
Lenders explore lien- and SBLC-backed structures. Updated: June 17, 2026 07:18 IST The Reserve Bank of India’s (RBI) incentives to attract Foreign Currency Non-Resident (Bank) (FCNR(B) deposits have prompted leading
Indian banks turn cautious on MSME lending as stress signals emerge: Report
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/india-banks-turn-cautious-on-msme-lending-as-stress-signals-emerge-report/articleshow/131892232.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Indian banks have turned cautious on lending to small businesses as early signs of stress emerge in the micro, small and medium enterprises
Rupee rebounds, but risks abound
Read more at:https://economictimes.indiatimes.com/opinion/et-editorial/rupee-rebounds-but-risks-abound/articleshow/131895360.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis The rupee has experienced a brief rebound fueled by optimism surrounding the potential reopening of the Hormuz Strait and a decrease
*******NRE Account Credits Cannot Be Taxed Without Proof They Are Unexplained: ITAT Ahmedabad
https://taxguru.in/income-tax/nre-account-credits-taxed-proof-unexplained-itat-ahmedabad.html?utm_source=follow.it Rahulkumar Narshibhai Patel Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, partly allowed an appeal filed by a Non-Resident Indian (NRI)
*******CPC Cannot Pass Section 143(1) Intimation After Section 143(2) Notice: ITAT Kolkata
https://taxguru.in/income-tax/cpc-pass-section-1431intimation-section-1432-notice-itat-kolkata.html?utm_source=follow.it Gokhale Memorial Girls School Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata, allowed the assessee’s appeal by holding that an intimation
Expert tax advice on how to file taxes for prize money under Section 115BB, claim deductions on commercial rental income, and maximize Section 80E education loan interest benefits in India.
https://www.financialexpress.com/money/your-queries-on-income-tax-prize-money-is-taxed-as-income-from-other-sources-at-30-4272004/ Updated: June 20, 2026 01:08 IST How should I calculate tax on prize money that I have received in December last year? In FY26, my
New labour code: Appointment letters must mention job role, workplace, and other key conditions; here’s how employees benefit
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/new-labour-code-appointment-letters-must-mention-job-role-workplace-and-other-key-conditions-heres-how-employees-benefit/articleshow/131872748.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst To make it easier for employees to grasp the work requirements and the perks that come with them, the new labour code from the
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment
Read more at:https://economictimes.indiatimes.com/wealth/tax/nre-vs-nro-income-tax-rules-how-these-nris-ocis-and-pois-can-save-up-to-rs-20500-on-10000-fd-investment/articleshow/131849811.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Picture this: you invest $10,000 in a Non-Resident External (NRE) and Rs 9,40,000 (which is also $10,000) in a Non-Resident Ordinary (NRO)
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