Clipped from: https://www.taxscan.in/top-stories/information-from-insolvency-professionals-is-exempt-under-rti-act-ibbi-1438411?TRN300=svBWzlCdCaDqKvaWdgFMSkWWAszdgDMbvaGDWFqXwZGMEuFcIMcBjIdnKMcaSx&LKD333=3214738 Insolvency Professionals are legally obligated to maintain confidentiality and provide information to the IBBI in a relationship of trust and reliance The Insolvency
Month: November 2025
Why taxpayers are searching more about the Income Tax Department
Clipped from: https://www.financialexpress.com/money/google-trends-why-taxpayers-are-searching-more-about-the-income-tax-department-4058056/ ‘Income Tax Department’ has emerged as one of the most searched terms on Google Trends as over 1 crore taxpayers are still waiting
Large or frequent bank deposits can flag mismatches in income profiles: Expert flags what can trigger tax scrutiny – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/large-or-frequent-bank-deposits-can-flag-mismatches-in-income-profiles-expert-flags-what-can-trigger-tax-scrutiny-503299-2025-11-22 From cash deposits to credit card payments, several common transactions are now being closely monitored by the tax department. With advanced tracking systems
Inherited property, gold or shares? Here’s when you’ll actually pay tax in India – No, India has no death tax | The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/inherited-property-gold-or-shares-heres-when-youll-actually-pay-tax-in-india/slideshow/125605972.cms 1/9 No, India has no death tax Inheritance in India is completely tax-free since there is no inheritance tax, estate duty, or death
Can seniors evict their children even after years of delay? HC says yes https://mybs.in/2erj0Di Download the BS App https://mybs.in/apps for more insights.
*******How to check income tax refund status via PAN card? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-income-tax-refund-status-via-pan-card/articleshow/125539158.cms Listen to this article in summarized format For many taxpayers, Income Tax Return (ITR) refunds are taking longer than usual this year due
*******I am an NRI, is investing in MFs through NRO and NRE accounts the most tax-efficient way? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-an-nri-is-investing-in-mfs-through-nro-and-nre-accounts-the-most-tax-efficient-way/articleshow/125583899.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by
WhatsApp Chat Between Buyer’s Son and Accountant Has No Evidentiary Value Without 65B Certificate: ITAT deletes S.69A Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/whatsapp-chat-between-buyers-son-and-accountant-has-no-evidentiary-value-without-b-certificate-itat-deletes-s-a-addition-1438176?TRN300=sVBwZRCDcAuMBvAEbUZMcbgWACJDgdMKeAEbdJRHwJHMeDfSYMcbjYUqkMsAsX&LKD333=3208523 The Tribunal affirmed that no corroborative evidence of unaccounted cash was found and upheld the deletion of the ₹ 3.16 crore addition. The
Unexplained Income Addition Deleted for Properly Documented Gifts from Relatives
Clipped from: https://taxguru.in/income-tax/unexplained-income-addition-deleted-properly-documented-gifts-relatives.html Rajneesh Narula Vs DCIT (ITAT Chandigarh) In the case of Rajneesh Narula Vs DCIT (ITAT Chandigarh) for the assessment year 2017-18, the assessee appealed
*******Service Tax Cannot Be Demanded Only for Mismatch in Income Tax-Service Tax Return
Clipped from: https://taxguru.in/service-tax/service-tax-demanded-mismatch-income-tax-service-tax-return.html Kirodiwal Associates Vs Commissioner (CESTAT Delhi) The appeal challenges Order-in-Appeal No. 172/2023-24 dated 05.10.2023, which upheld a service tax demand against the appellant.
ITAT Delhi quashes reassessment Due to Unsigned Section 151 Approval
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashes-reassessment-due-unsigned-section-151-approval.html Space Kraft Infrastructure Private Limited Vs ITO (ITAT Delhi) The assessee appealed against the order dated 30.08.2025 of the Commissioner of Income Tax
SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty https://mybs.in/2erj072 Download the BS App https://mybs.in/apps for more insights.
H-1B scam: Chennai okayed 220,000 visas against 85k US cap, says economist https://mybs.in/2erj09H Download the BS App https://mybs.in/apps for more insights.
Another Deloitte report accused of AI-made citations, this time in Canada https://mybs.in/2erj09d Download the BS App https://mybs.in/apps for more insights.
*******Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-income-tax-addition-on-bogus-purchases-u-s-c-dismisses-slp-1438272?TRN300=svkWzPcuSAuMkeAfFGxMSBgwasjdwuMBEaffwXnHWjHMVUfCyMCKZiDnbMsacH&LKD333=3210092 The High Court held that the assessee failed to prove the genuineness and source of expenditure. The Supreme Court has upheld the Bombay
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