Day: December 31, 2025

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

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

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

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

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

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

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. 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). 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 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. 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. 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. 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. Case-Laws – HC : GST assessment orders issued