Clipped from: https://taxguru.in/income-tax/completion-construction-required-claiming-benefit-u-s-54-itat-bangalore.html DCIT Vs Bagalur Krishnaiah Shetty Vijay Shanker (ITAT Bangalore) ITAT Bangalore held that exemption under section 54 of the Income Tax Act allowable
Day: November 20, 2024
👌👌👌👌👌👌👌Assessment u/s. 143(3) based on material searched at third party untenable in law: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/assessment-u-s-143-3-based-material-searched-party-untenable-law-itat-delhi.html Seema Jain Vs DCIT (ITAT Delhi) ITAT Delhi held that assessment u/s. 143(3) of the Income Tax Act based on material searched at
👌👌👌👌👌👌👌Direction of reopening by appellate authority without any material untenable: Kerala HC
Clipped from: https://taxguru.in/income-tax/direction-reopening-appellate-authority-material-untenable-kerala-hc.html Kings Infra Ventures Ltd Vs ACIT (Kerala High Court) Kerala High Court held that direction of reopening of assessment by appellate authority without
Union Budget 2025: ASSOCHAM proposes rationalisation of TDS rates, decriminalisation of certain defaults – BusinessToday
https://www.businesstoday.in/personal-finance/tax/story/union-budget-2025-assocham-proposes-rationalisation-of-tds-rates-decriminalisation-of-certain-defaults-454303-2024-11-19 ASSOCHAM also called for the decriminalisation of certain TDS defaults, emphasizing the severity of current provisions. It highlighted that Section 276 B imposes a
Want to change your company name? Here’s the process – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-want-to-change-your-company-name-heres-the-process-3668979/?ref=morelatest_hp When contemplating a name change, companies should carefully assess its potential impact. A thorough market analysis can ensure the new name resonates with
Markets on edge ahead of US Fed FOMC meeting in December – Investing Abroad News | The Financial Express
https://www.financialexpress.com/business/investing-abroad-powells-cautious-stance-raises-questions-on-future-rate-cuts-december-fomc-in-focus-3668289/?ref=abroad_hp The Federal Open Market Committee is set to convene on December 16-17 to determine the next course of action in monetary policy. Fasten your
Disturbing signals from inflation numbers – Opinion News | The Financial Express
https://ww.financialexpress.com/opinion/disturbing-signals-from-inflation-numbers/3668539/?ref=opinion_hp Policymakers need to look at the issue anew and think of commercialising such cultivation and linking the same to the food processing industry. The
Reimagining NCLT – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/reimagining-nclt/3669579/?ref=hometop_hp The 2010 Madras High Court Bar Association judgment needs a review to allow appointments to economic law tribunals to be made differently than traditional
👌👌👌👌👌👌👌Income Tax tribunal paves way for double deduction claims – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/income-tax-tribunal-paves-way-for-double-deduction-claims/article68557951.ece Income Tax Appellate Tribunal allows simultaneous deduction claims under Section 54 and 54F in Ramdas Sitaram Patil vs ACIT case In Ramdas Sitaram Patil vs
IBBI moves to tighten auction rules, mandates stakeholder oversight in liquidations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibbi-moves-to-tighten-auction-rules-mandates-stakeholder-oversight-in-liquidations/article68886786.ece Also need to maintain Corporate Liquidation Account within Public Accounts of India to be dispensed with; IBBI floats discussion paper, public comments invited
KYC implementation a major area of concern: RBI Dy Guv Swaminanthan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kyc-implementation-a-major-area-of-concern-rbi-dy-guv-swaminanthan/article68887059.ece RBI’s root cause analysis indicates a set of issues, including high pendency at bank level in periodic update of KYC details of the
A more sober Trump 2.0? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-more-sober-trump-20/article68887012.ece He will want to avoid the mistakes of his first term There are a lot of people who are fretting and fuming about
Centre-RBI disagreement deepens over inflation and rates cuts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/centre-rbi-disagreement-deepens-over-inflation-and-rates-cuts/article68886761.ece CEA highlights that retail inflation is mainly driven by select commodities Differences between the Centre and the Reserve Bank of India over interest
TOP, precious metals accounted for 1/3rd of Oct inflation: CEA Nageswaran | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/top-precious-metals-driving-india-s-cpi-inflation-cea-nageswaran-124111901056_1.html Premature to say slowdown in urban consumption going to persistent Chief Economic Advisor V. Anantha Nageswaran Listen to This Article The recent spike
CAD is manageable as India is doing well in services exports: Piyush Goyal | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/cad-is-manageable-as-india-is-doing-well-in-services-exports-piyush-goyal-124111901284_1.html Commerce and Industry Minister Piyush Goyal on Tuesday said that India’s current account deficit (CAD) is manageable as it is doing well in
Lending rate cut still some time away: SBI Managing Director Vinay M Tonse | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bank-lending-rate-cut-hinges-on-monetary-policy-action-sbi-md-v-tonse-124111901247_1.html SBI MD says banks would look for monetary policy stance and policy rate action to decide actions V Tonse, managing director, State Bank
No commitment to lowering fiscal deficit, says Montek Singh Ahluwalia | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/no-commitment-to-lowering-fiscal-deficit-says-montek-singh-ahluwalia-124111901396_1.html Ahluwalia said if household net savings continue to decrease and fiscal deficit reduction is neglected, it could lead to significant problems, including crowding
👌👌👌👌👌👌👌Section 148 of Income Tax Act: Assessment or Reassessment Notice u/s148 – Tax2win
Clipped from: https://tax2win.in/guide/section-148 Contents Before making the assessment, reassessment, or recomputation, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within
👌👌👌👌👌👌👌Analysis of sections 147, 148, 148A, 149 and 151 of the Income Tax Act, 1961 (Act) as substituted vide Finance Act, 2021 – Digest of case laws
Clipped from: https://itatonline.org/digest/articles/analysis-of-sections-147-148-148a-149-and-151-of-the-income-tax-act-1961-act-as-substituted-vide-finance-act-2021/?form=MG0AV3 Executive Summary Vide Finance Act, 2021, provisions related to re-assessment have been substituted. In case of search also, now the assessment will be
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