Month: April 2025
*******ITR Filing FY 2024-25: Old vs New Tax Regime – Which one saves you more? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-fy-2024-25-old-vs-new-tax-regime-which-one-saves-you-more-3815050/ Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they
‘I could be…’: Wave of visa revocations leaves foreign students in the US living in fear – World News | The Financial Express
Clipped from: https://www.financialexpress.com/world-news/i-could-be-wave-of-visa-revocations-leaves-foreign-students-in-the-us-living-in-fear/3815351/ Many of these students have reported being approached by plainclothes agents without warning and taken to detention centres, as seen in widely circulated
*******Assessment was declared as invalid due to service of notice on wrong address–TaxGuru
https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html clipped from: https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html Dhanottam Vasant Lonkar Vs ITO (ITAT Pune) Conclusion: Notice u/s.143(2) was issued at a wrong/non-existing address and this mistake having been accepted by
*******A Brahmin banker and a Muslim academic – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/a-brahmin-banker-and-a-muslim-academic/3814396/?ref=hometop_hp Clipped from: https://www.financialexpress.com/opinion/a-brahmin-banker-and-a-muslim-academic/3814396/?ref=hometop_hp CD Deshmukh, the third governor of the RBI, took the additional responsibilities of other countries very seriously, and went out of his
*******Reassessment u/s. 148A(b) initiated within prescribed time limit u/s. 149(1) is valid
lipped from: https://taxguru.in/income-tax/reassessment-u-s-148a-b-initiated-prescribed-time-limit-u-s-149-1-valid.html Chandra Shekhar Vs PCIT (Patna High Court) Patna High Court held that reassessment proceedings under section 148A(b) of the Income Tax Act is
Kolte Patil
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*****Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue
lipped from: https://taxguru.in/income-tax/revision-u-s-263-justified-assessment-order-erroneous-prejudicial-interest-revenue.html Chandrakant Vallabhbhai Koladia Vs PCIT (ITAT Ahmedabad) ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act not invocable
*****ITAT Delhi quashes reassessment order as Section 148 notice sent to wrong email ID
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashes-reassessment-order-section-148-notice-wrong-email-id.html Nitin Jain Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi, has allowed the appeal of Nitin Jain, quashing the reassessment order
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