Day: May 31, 2025
‘One price shock…’: India’s $2 trn gold hoard is a ticking bomb, warns hedge fund manager – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/investment/story/one-price-shock-indias-2-trn-gold-hoard-is-a-ticking-bomb-warns-hedge-fund-manager-478507-2025-05-31 “Gold loan borrowers face auction risk when prices fall,” Aittreya said. “Citizens bear the ultimate risk—with zero protection.” While schemes like Gold Monetization
*******HC held that the Assessing Officer could not reopen the …
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=88912 HC held that the Assessing Officer could not reopen the assessment merely on a change of opinion. The court found that the petitioner
*******Reopening quashed as information in notice is ambiguous and fails to establish live link with evidence
Clipped from: https://taxguru.in/income-tax/reopening-quashed-information-notice-ambiguous-fails-establish-live-link-evidence.html Pranav Ramesh Pariikh Vs DCIT (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 148 of the Income Tax
*******Matter restored to CIT(A) as personal hearing notice was sent via email inspite of specifically opting out
lipped from: https://taxguru.in/income-tax/matter-restored-cit-a-personal-hearing-notice-email-inspite-specifically-opting.html Sarita Konda Vs ITO (ITAT Raipur) ITAT Raipur restored the matter to the file of CIT(A) for fresh adjudication as intimation of fixation
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