Month: April 2025
RBI Guv on IndusInd and New Bank of India -[1] I wouldn’t call them total failures [2] They are episodes [3] We have to ensure through various means that these incidents happen lesser in frequency– News Courtesy Business Standard
RBI DG Mr Swaminathan J — We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.
Balanced, for now – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/balanced-for-now/article69427187.ece Tariff war unlikely to unsettle the external account External account seems unscathed for now | Photo Credit: suman bhaumik ‘Reciprocal tariffs’ announced by
*******Digital warfare and how you should arm yourself – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/how-should-you-deal-with-cyber-frauds/article69412227.ece In a world dominated by digital aids, staying vigilant is the price of security, especially when cybercrimes are on the rise at an
*******Bombay HC Quashes Reassessment Citing Change of Opinion, No Failure to Disclose
Clipped from: https://www.taxscan.in/bombay-hc-quashes-income-tax-reassessment-over-change-of-opinion-and-no-failure-to-disclose-facts/504935/ The High Court of Bombay, quashed an income tax reassessment proceedings initiated against the assessee for Assessment Year(AY) 2014–15, holding that the reopening was
*******No Tax on Redevelopment Flats u/s 56(2)(x) of Income Tax Act: ITAT
Clipped from: https://www.taxscan.in/no-tax-on-redevelopment-flats-u-s-x-of-income-tax-act-itat/504748/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn Receiving a new flat in place of an old one is a case of ‘extinguishment’ of property rights rather than an income-generating transaction
*******Addition under Faceless Assessment Scheme without issuance of notice not sustainable
Clipped from: https://taxguru.in/income-tax/addition-faceless-assessment-scheme-issuance-notice-sustainable.html Saurabh Rohitbhai Modi HUF Vs Addl/Joint/DY./ACIT/ITO National Faceless Assessment Centre or His Successor & Anr. (Gujarat High Court) Gujarat High Court held that addition without
*******Time period for Issue of section 148 notice wef 1.4.2021
Clipped from: https://taxguru.in/income-tax/time-period-issue-section-148-notice-wef-1-4-2021.html?utm_source=perplexity Time period for issuance of notice under section 148 under new regime wef 1.4.2021. As per substituted section 149 wef 1.4.2021 As per
Global crude oil prices continued their downward descent on Monday with Brent prices ruling at $63.23 per barrel in early afternoon (India time), a decline of over 3% [2] effect of escalating trade war and bearish sentiments — News source– BusinessLine
Pressure mounts on Govt for petrol, diesel price cut with Brent in free-fal
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