Clipped from: https://www.taxscan.in/top-stories/case-of-afterthought-evidence-in-income-tax-litigation-and-its-contemporary-relevance-1434684?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059338 Afterthought evidence refers to documents, affidavits, or pleas introduced late in the proceedings. In a recent development, the High Court of Kerala gave
Month: October 2025
*****ITAT Allows Gifts from Sisters, Rules Tax Dept Can’t Reject Them Merely for ‘Lack of Scrutiny’ on Donors [Read Order]
Clipped from: https://www.taxscan.in/top-stories/itat-allows-gifts-from-sisters-rules-tax-dept-cant-reject-them-merely-for-lack-of-scrutiny-on-donors-1434589?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059331 The tribunal held that the assessee had satisfactorily discharged his initial burden by providing documents that established three crucial aspects: the identity of
*NITI Aayog proposes sharp cut in tax offences — only 6 to remain under criminal provisions – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/niti-aayog-proposes-sharp-cut-in-tax-offences-only-6-to-remain-under-criminal-provisions-497794-2025-10-10 NITI Aayog has proposed a major overhaul of India’s tax enforcement framework, calling for the decriminalisation of most offences under the Income Tax
Cash retains 50% share in India despite booming digital payments and UPI growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cash-still-king-in-india-accounts-for-50-of-payments-even-as-digital-transactions-soar/article70161485.ece Digital payments dominate retail transactions at 99.8%, driven by policy support, fintech growth, and rising internet and smartphone penetration Despite the rapid surge
*Diwali gifts and shopping: What you can claim and what is taxable | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/diwali-gifts-and-shopping-what-you-can-claim-and-what-is-taxable-125101300741_1.html Diwali Gifts Taxable: Here’s a guide on which Diwali gifts and shopping expenses qualify for deductions and which don’t Is Diwali Gift Taxable?
*Income tax disputes stuck in endless loop: Faceless CIT (A)s are issuing repeated notices but no final judgement, preventing taxpayers from taking further action – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-disputes-stuck-in-endless-loop-faceless-cit-as-are-issuing-repeated-notices-but-no-final-judgement-preventing-taxpayers-from-taking-further-action/articleshow/124544337.cms Endless Notices, No Orders: Taxpayers Trapped in Faceless Appeal Limbo The launch of the Faceless Appeal Scheme by Prime Minister, Shri Narendra Modi, in September
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