https://www.financialexpress.com/policy/economy/8-7-crore-young-indians-are-outside-work-and-education-the-number-hides-a-bigger-problem/4323820/?ref=hometop_hp As per policy advisors and staffing experts interviewed by Financial Express, these numbers point to two big challenges instead of just one. Nearly 8.7
Month: August 2026
Bank froze businessman’s account over income mismatch, now it is asked to pay Rs 50,000 compensation; HC explains why
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/bank-froze-businessmans-account-over-income-mismatch-now-it-is-asked-to-pay-rs-50000-compensation-hc-explains-why/articleshow/133393897.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Bank account holder to get Rs 50,000 as bank freezed the account on the ground of discrepancy in declared income and amount
*******Cash Deposited by Husband from Disclosed Income Cannot Be Added in Wife’s Hands u/s 69A: ITAT
https://www.taxscan.in/top-stories/cash-deposited-by-husband-from-disclosed-income-cannot-be-added-in-wifes-hands-us-69a-itat-read-order-1450335 The Pune Bench of the Income Tax Appellate Tribunal (ITAT) held that cash deposited by a husband in his wife’s bank account cannot be
*******Buyer PAN Not required for Cash Jewellery Sales Below Rs. 2L: ITAT deletes Rs. 13.68cr Addition, says Suspicion cannot Replace Evidence
https://www.taxscan.in/top-stories/buyer-pan-not-required-for-cash-jewellery-sales-below-rs-2l-itat-deletes-rs-1368cr-addition-says-suspicion-cannot-replace-evidence-read-order-1450350 “Suspicion, howsoever strong, cannot take the place of evidence”, heldthe Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) deleting the addition of Rs.13.68
*******Income Disclosed after Income Tax Notice issued u/s 148 Notice does not attract Deemed Concealment where Reasonable Cause Exists: ITAT
https://www.taxscan.in/top-stories/income-disclosed-after-income-tax-notice-issued-us-148-notice-does-not-attract-deemed-concealment-where-reasonable-cause-exists-itat-read-order-1450379 The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, deleted the penalty of Rs.55,870 levied under Section 271(1)(c) on the assessee for Assessment Year 2016-17.
Telangana HC Rules Reassessment Proceedings under Income Tax Act Cannot Be Challenged at Preliminary Stage Under Article 226
https://www.taxscan.in/top-stories/telangana-hc-rules-reassessment-proceedings-under-income-tax-act-cannot-be-challenged-at-preliminary-stage-under-article-226-1450398 A division bench of the Telangana High Court ruled that the reassessment proceedings under the Income Tax Act, 1961, cannot be challenged at preliminary
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