Clipped from: https://www.business-standard.com/industry/news/fixing-the-fine-print-what-the-ibc-amendment-is-really-trying-to-change-125123000720_1.html Focused on enforcement over fresh ideas, the IBC amendment Bill seeks to cut delays, curb conflicts of interest and bring greater certainty to
Day: December 31, 2025
MahaRERA recovers nearly ₹269 crore for homebuyers since 2017 inception | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/maharera-recovers-nearly-rs-269-crore-homebuyers-since-2017-125123000849_1.html MahaRERA has recovered ₹268.87 crore as homebuyer compensation since May 2017, with Mumbai Suburban leading collections, while cases worth about ₹103 crore remain
Public sector banks’ staff count rises for first time in five years | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/psu-banks-employee-count-rises-first-time-five-years-private-banks-drop-125123000953_1.html RBI data show public sector banks added staff in FY25 for the first time in five years, while private banks’ headcount fell, led
India’s banks are healthier, but the next stress point is already visible
Clipped from: https://www.business-standard.com/opinion/editorial/india-s-banks-are-healthier-but-the-next-stress-point-is-already-visible-125123001132_1.html While banking is stable and resilient, it needs to evolve and adjust to the changing dynamics of the Indian financial system Bank balance
Hard choices – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hard-choices/4092886/ Fiscal flexibility is a must, but it won’t substitute for subsidy reform. This will also require a recalibration of public capex, which has
‘AI is the centrepiece of every major IT firm’s growth strategy,’ Q&A with NASSCOM president – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-ai-is-the-centrepiece-of-every-major-it-firms-growth-strategy-qampa-with-nasscom-president-4092898/ “There is a strong emphasis on advancing responsible and trusted AI governance, combining policy clarity with industry-led frameworks that prioritise safety, privacy, and
Digital inheritance: Why a legal will is no longer enough – Money Insights News | The Financial Express
Clipped from: https://www.financialexpress.com/money/insights/digital-inheritance-why-a-legal-will-is-no-longer-enough/4092959/ In today’s digital-first world, inheritance is no longer just about wills and paperwork, but about access to smartphones, apps and online accounts. From
Income tax reassessment based solely on Investigation Wing tip, with no incriminating material, quashed as invalid under ss147/148.
Income tax reassessment based solely on Investigation Wing tip, with no incriminating material, quashed as invalid under ss147/148. 26. Case-Laws – AT : Reassessment under ss.147/148
Income tax reassessment reopening for alleged non-disclosure u/s147 upheld; de novo assessment remand sustained citing illness and s.251(1)(a).
Income tax reassessment reopening for alleged non-disclosure u/s147 upheld; de novo assessment remand sustained citing illness and s.251(1)(a). 21. Case-Laws – AT : Reopening under s.147
Raw material purchase genuineness and alleged round-tripping: u/s 263 revision quashed; bogus purchase addition deleted after sales accepted
Raw material purchase genuineness and alleged round-tripping: u/s 263 revision quashed; bogus purchase addition deleted after sales accepted 19. Case-Laws – AT : Revision u/s 263
Unexplained fixed assets and cash-in-hand in tax return: s.69/s.69A additions and penalties deleted for no evidence, no notice.
Unexplained fixed assets and cash-in-hand in tax return: s.69/s.69A additions and penalties deleted for no evidence, no notice. 15. Case-Laws – AT : Addition under s.69
Income tax reassessment reopened on consolidated bank entries u/s148A(1); notice quashed as fishing inquiry without information.
Income tax reassessment reopened on consolidated bank entries u/s148A(1); notice quashed as fishing inquiry without information. 10. Case-Laws – HC : Reopening under s.148A(1) was challenged
Place of supply for shipped goods u/s 10(1)(a): delivery location decides IGST, CGST/SGST demand quashed.
Place of supply for shipped goods u/s 10(1)(a): delivery location decides IGST, CGST/SGST demand quashed. 5. Case-Laws – HC : Section 10(1)(a) of the IGST Act
GST liability based on income-tax portal turnover vs bank receipts mismatch; s.74 assessment orders remitted for forensic review.
GST liability based on income-tax portal turnover vs bank receipts mismatch; s.74 assessment orders remitted for forensic review. Case-Laws – HC : GST assessment orders issued