Day: June 1, 2025
‘We teach kids to crack IIT, not file an ITR’: Analyst in brutal middle class takedown – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/we-teach-kids-to-crack-iit-not-file-an-itr-analyst-in-brutal-middle-class-takedown-478545-2025-06-01 According to the National Centre for Financial Education, only 27% of Indian adults are financially literate. Less than 10% of households have retirement
***Bitcoin–Courtesy FE– https://www.financialexpress.com/market/cryptocurrency/creed-capital-crypto/why-bitcoin-surged-and-what-happens-next/3863905/?ref=hometop_hp
investors often seek refuge in assets that can preserve value amid currency debasement. Traditional hedges include gold, real estate, and equities. *However, among these, Bitcoin
*******Order passed without considering reply is liable to be quashed: Gujarat HC
Clipped from: https://taxguru.in/income-tax/order-passed-reply-liable-quashed-gujarat-hc.html Hasmukhbhai Girdharilal Chopra Vs National Faceless Assessment Centre (Gujarat High Court) Gujarat High Court held that reassessment order passed under section 148 of
*******Reopening of assessment quashed as based on change of opinion: Bombay HC
Clipped from: https://taxguru.in/income-tax/reopening-assessment-quashed-based-change-opinion-bombay-hc.html Prithvi Apartments Co-operative Housing Society Limited Vs ACIT (Bombay High Court) Bombay High Court held that since issue already examined during the course
*******Reassessment u/s. 148 quashed as all necessary information already supplied: Gujarat HC
Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-information-supplied-gujarat-hc.html Adani Wilmar Limited Vs ACIT (Gujarat High Court) Gujarat High Court held that reassessment under section 148 of the Income Tax Act is
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