Clipped from: https://www.business-standard.com/finance/news/finmin-to-review-psbs-progress-on-unclaimed-deposits-on-january-14-126010900952_1.html “The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA
Month: January 2026
Microsoft Copilot adds checkout to rival ChatGPT, Perplexity shopping | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/microsoft-copilot-shopping-checkout-payment-feature-126010900435_1.html Microsoft is bringing direct shopping to Copilot, enabling in-chat payments. The feature is currently rolling out on Copilot web client in the US
RBI should hold rates as growth is strong, inflation remains low: PwC | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-should-hold-rates-as-growth-is-strong-inflation-remains-low-pwc-126010900612_1.html The Reserve Bank is unlikely to cut key policy rate in the next Monetary Policy Committee (MPC) meeting next month, said PwC Partner
*****Post DPDP, information collected by banks needs revisit: RBI official | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/post-dpdp-information-collected-by-banks-needs-revisit-rbi-official-126010901200_1.html Banks must reassess the amount of customer data they collect under the DPDP Rules, while continuing to innovate responsibly with AI, an RBI
8 years delay in tax refund: Delhi HC raps Income Tax Department, warns of Rs 1 lakh personal cost on Deputy Commissioner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/8-years-delay-in-tax-refund-delhi-hc-raps-income-tax-department-warns-of-rs-1-lakh-personal-cost-on-deputy-commissioner/articleshow/126429593.cms Listen to this article in summarized format On January 6, 2026, the Delhi High Court expressed shock at the Income Tax Department as a taxpayer, had
Read: Agnivesh Agarwal Death: अनिल अग्रवाल यांच्या मुलाचा कार्डिअॅक अरेस्टमुळे मृत्यू; हार्ट अटॅक आणि कार्डिअॅक अरेस्टमध्ये फरक काय?
https://www.loksatta.com/explained/vedanta-agnivesh-agarwal-death-at-49-post-trauma-cardiac-arrest-causes-svs-89-5625956/ Shared by Loksatta android app click here to download https://loksatta.page.link/LS_app
*****Employer deducted TDS but didn’t deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demand – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/employer-deducted-tds-but-didnt-deposit-it-itat-kolkata-saves-employee-from-rs-14-lakh-tax-demand/articleshow/125883350.cms On November 24, 2025, the Income Tax Appellate Tribunal (ITAT) in Kolkata provided relief to an employee who received a tax demand notice because his employer deducted
*****Man sells Delhi property, shifts to Australia; tax dept adds Rs 40 lakh as unexplained cash credit, but he wins in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/man-sells-delhi-property-shifts-to-australia-tax-dept-adds-rs-40-lakh-as-unexplained-cash-credit-but-he-wins-in-itat-delhi/articleshow/125710590.cms Income Tax Appellate Tribunal (ITAT), Delhi, ruled that taxpayers can claim Section 54 capital gains tax exemption on the sale of an Indian residential property
*******UAE based taxpayer earned Rs 4 crore income in India on which TDS was deducted but didn’t file ITR, got tax notice; wins case in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/uae-based-taxpayer-earned-rs-4-crore-income-in-india-on-which-tds-was-deducted-but-didnt-file-itr-got-tax-notice-wins-case-in-itat-delhi/articleshow/125819040.cms On November 19, 2025, the Income Tax Appellate Tribunal ruled that if a non-resident taxpayers’ total income from India consists solely of dividends, interest, etc
*Claimed Property Gift by Father-in-Law Mistakenly Registered as Sale: ITAT Remands Capital Gain Addition u/s 50C for Fresh Examination [Read Order]
Clipped from: https://www.taxscan.in/top-stories/claimed-property-gift-by-father-in-law-mistakenly-registered-as-sale-itat-remands-capital-gain-addition-us-50c-for-fresh-examination-1441627?TRN300=CEbWZlCuCAdqkvUkeikMSBggAsZuGUMKeUbVIbPXgzHMEUfSiMcKJyuPkMCAsH&LKD333=3327360 The Tribunal observed that issue could not be decided without proper examination of all relevant documents and supporting evidence The Bangalore Bench of the
*Business Setback and Accountant’s Lapse in Filing Returns is Bona Fide Cause: Madras HC Directs GSTN to Enable Filing of Returns [Read Order]
Clipped from: https://www.taxscan.in/top-stories/business-setback-and-accountants-lapse-in-filing-returns-is-bona-fide-cause-madras-hc-directs-gstn-to-enable-filing-of-returns-1441624?TRN300=CEbWZlCuCAdqkvUkeikMSBggAsZuGUMKeUbVIbPXgzHMEUfSiMcKJyuPkMCAsH&LKD333=3327377 The Court said that all pending returns be filed within four weeks of restoration along with payment of tax, interest and late fees,
*Arbitration begins with notice, not court filing, says Supreme Court | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/arbitration-begins-with-notice-not-court-filing-says-supreme-court-126010801114_1.html Emphasising the settled position of law, the court observed that the start of arbitral proceedings is a statutory event and does not depend
Section 29A and the cost of treating business failure as misconduct
Clipped from: https://www.business-standard.com/opinion/columns/section-29a-and-the-cost-of-treating-business-failure-as-misconduct-126010701269_1.html The IBC must not conflate business failure with malfeasance, or an unfortunate entrepreneur with a fraudulent one Section 29A once saved India’s insolvency
*OpenAI launches ‘ChatGPT Health’ with Apple Health integration: What is it | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/openai-launched-chatgpt-health-apple-integration-how-to-use-126010800300_1.html OpenAI has rolled out ChatGPT Health, a new health-focused space within ChatGPT that lets users connect medical records and wellness apps, with added
*******OpenAI launches ChatGPT Health, but it won’t diagnose or treat you | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/openai-launches-chatgpt-health-but-it-wont-diagnose-or-treat-you-126010800587_1.html ChatGPT Health introduces a dedicated space for health queries, allowing users to link medical records and fitness apps, even as OpenAI warns it
*Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know what CBDT gold jewellery circular says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/tax-dept-seized-mothers-263-gram-gold-son-fights-in-itat-mumbai-and-wins-know-what-cbdt-gold-jewellery-circular-says/articleshow/125709830.cms On September 29, 2021, during a tax raid at Mr. Nilawar’s house, the income tax department discovered several assets, including cash, gold and more. Following
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