Month: January 2026

However, in the case of a non-government employee, leave encashment received at the time of retirement is taxable, subject to an exemption which is limited

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/builder-skipped-mandatory-rera-insurance-why-homebuyers-face-big-risks-and-what-to-do-now/articleshow/127600372.cms Listen to this article in summarized format Recently, a group of homebuyers had to turn to the Karnataka RERA tribunal to obtain the insurance papers

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/fruit-dealer-earns-rs-92-lakh-in-a-year-files-no-itr-gets-tax-notice-for-unexplained-cash-credit-he-fights-back-and-wins-case-in-itat-bangalore/articleshow/127792044.cms Listen to this article in summarized format On November 24, 2025, the ITAT Bangalore ruled that simply claiming unexplained cash credit without any supporting evidence

Case-Laws – AT : Reopening of assessment was valid where specific information and documentary material, including affidavits and tally entries naming lenders, connected to the AOs

Case-Laws – AT : Interplay between section 144C and section 153 requires determination of limitation for passing final assessment orders by reference to both provisions construed

   Case-Laws – AT : Disallowance of deduction under sections 54B and 54F was examined; tribunal concluded the assessee is not entitled to either deduction and capital

Case-Laws – AT : Validity of reopening was examined with emphasis on limitation and newly inserted procedural safeguards; since the notice was time-barred the reopening was

   Case-Laws – AT : Addition under section 68 concerning unsecured loans addressed the onus of proof regarding lender identity, creditworthiness and genuineness of transactions; the taxpayer

Clipped from: https://taxguru.in/goods-and-service-tax/gst-first-appeal-practical-insights.html This article helps you to file the appeal with the Commissioner (Appeals), i.e. the Appellate Authority. Against the order passed in Form DRC-07,

Clipped from: https://taxguru.in/income-tax/section-68-additions-rejected-loan-repayment-cash-sales-explained.html ITO Vs Shann Jewellers (ITAT Delhi) Loan Repayments Explained from Stock Sales and Fresh Borrowings; Demonetisation Cash Sales Accepted as Genuine The Assessing

Clipped from: https://www.business-standard.com/immigration/h-1b-hiring-pause-will-cost-us-top-doctors-and-specialists-experts-warn-126013000703_1.html The H-1B visa hiring pause until May 2027 has triggered concern among doctors and academics over staffing shortages and research disruption American doctors.

lipped from: https://www.business-standard.com/finance/personal-finance/got-a-phone-call-about-unclaimed-insurance-money-how-to-deal-with-scam-126013000711_1.html Experts warn against scammers impersonating companies and industry regulator to trick policyholders into paying fake processing fees Scam(Photo: shutterstock) Listen to This Article

In a fragile world: Economic Survey 2026 will enable informed debates | Editorial Comment – Business Standard Economic Survey 2025-26 flags stronger growth but warns

Clipped from: https://www.business-standard.com/opinion/columns/budget-2026-too-many-known-unknowns-amid-push-to-revive-private-capex-126012901878_1.html Amid data and fiscal uncertainties, the govt faces the difficult task of creating conditions to boost private capex Budget 2026-27 faces global trade

HRA, capital gains, foreign assets: How tax nudges helped govt mop up over Rs 30,000 crore without raids HRA, capital gains, foreign assets: How tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-7-crore-was-added-to-taxpayers-income-as-unexplained-cash-credit-he-wins-case-in-itat-mumbai-as-it-rules-loose-papers-chats-cant-be-treated-as-evidence/articleshow/127777451.cms Listen to this article in summarized format On October 28, 2025, The Income Tax Appellate Tribunal (ITAT) Mumbai provided relief to Mr. Nilawar from Pune

The Economic Survey for FY 2025-26 pointed out how data-driven behavioral interventions improved tax collection efficiency in India, resulting in an extra Rs 119 crore

Clipped from: https://taxguru.in/income-tax/interim-relief-granted-reassessment-issued-reply.html IVL Dhunseri Petrochem Industries Private Limited Vs Union of India & Ors. (Calcutta High Court) The Calcutta High Court examined a writ petition

Clipped from: https://taxguru.in/income-tax/itat-quashes-50c-addition-citing-valuation-typo-higher-consideration.html Rupal Nirav Shah Vs DCIT (ITAT Surat) The appeal before the Income Tax Appellate Tribunal, Surat Bench concerned an addition made under section 50C of

Clipped from: https://taxguru.in/income-tax/reassessment-quashed-addition-original-reopening-issue.html Shyama Shyam Infradevelopers Pvt Ltd Vs ITO (ITAT Agra) The appeal before the Income Tax Appellate Tribunal, Agra Bench related to Assessment Year (AY) 2016–17