Clipped from: https://www.financialexpress.com/world-news/i-could-be-wave-of-visa-revocations-leaves-foreign-students-in-the-us-living-in-fear/3815351/ Many of these students have reported being approached by plainclothes agents without warning and taken to detention centres, as seen in widely circulated
Author: Anil R Tikotekar
*******Assessment was declared as invalid due to service of notice on wrong address–TaxGuru
https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html clipped from: https://taxguru.in/income-tax/assessment-declared-invalid-due-service-notice-wrong-address.html Dhanottam Vasant Lonkar Vs ITO (ITAT Pune) Conclusion: Notice u/s.143(2) was issued at a wrong/non-existing address and this mistake having been accepted by
*******A Brahmin banker and a Muslim academic – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/a-brahmin-banker-and-a-muslim-academic/3814396/?ref=hometop_hp Clipped from: https://www.financialexpress.com/opinion/a-brahmin-banker-and-a-muslim-academic/3814396/?ref=hometop_hp CD Deshmukh, the third governor of the RBI, took the additional responsibilities of other countries very seriously, and went out of his
*******Reassessment u/s. 148A(b) initiated within prescribed time limit u/s. 149(1) is valid
lipped from: https://taxguru.in/income-tax/reassessment-u-s-148a-b-initiated-prescribed-time-limit-u-s-149-1-valid.html Chandra Shekhar Vs PCIT (Patna High Court) Patna High Court held that reassessment proceedings under section 148A(b) of the Income Tax Act is
Kolte Patil
Kolte-Patil Q4 sale bookings fall 15% to Rs 631 crore on lower volumes https://mybs.in/2emHDRJ Download the BS App https://mybs.in/apps for more insights.
*****Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue
lipped from: https://taxguru.in/income-tax/revision-u-s-263-justified-assessment-order-erroneous-prejudicial-interest-revenue.html Chandrakant Vallabhbhai Koladia Vs PCIT (ITAT Ahmedabad) ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act not invocable
*****ITAT Delhi quashes reassessment order as Section 148 notice sent to wrong email ID
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashes-reassessment-order-section-148-notice-wrong-email-id.html Nitin Jain Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi, has allowed the appeal of Nitin Jain, quashing the reassessment order
*******Amendment in Section 143(1) of Income Tax Act, 1961
Clipped from: https://taxguru.in/income-tax/amendment-section-143-1-income-tax-1961.html Summary: The Indian government has introduced amendments to Section 143(1) of the Income Tax Act, 1961, as part of its efforts to combat tax
Vishwakarma scheme faces challenges with loan approval rate at just 28%
https://www.business-standard.com/industry/news/vishwakarma-scheme-faces-challenges-with-loan-approval-rate-at-just-28-125041001044_1.html Clipped from: https://www.business-standard.com/industry/news/vishwakarma-scheme-faces-challenges-with-loan-approval-rate-at-just-28-125041001044_1.html While a total of 13.93 lakh loan applications were submitted to PSBs, only 3.9 lakh were approved, highlighting a significant gap in
Only 95 out of 795 judges across 25 HCs, SC have declared assets: Data https://mybs.in/2emEseM Download the BS App https://mybs.in/apps for more insights.
***Banks seek power to freeze accounts in case of illicit transactions | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-seek-power-to-freeze-accounts-in-case-of-illicit-transactions-125041300363_1.html “In light of this, we may propose this as a suggestion for further consideration by the RBI,” a working group constituted by the
*****Delhi HC Quashes Faceless Tax Assessment for Denying Personal Hearing
Clipped from: https://taxguru.in/income-tax/delhi-hc-quashes-faceless-tax-assessment-denying-personal-hearing.html Sanjay Aggarwal Vs National Faceless Assessment Centre (Delhi High Court) Delhi High Court has set aside an assessment order issued by the National
HDFC Bank Vs ICICI Bank: What’s a better banking bet? Watch for these 7 key factors – Market News | The Financial Express
https://www.financialexpress.com/market/hdfc-bank-vs-icici-bank-whats-a-better-banking-bet-watch-for-these-7-key-factors-3808389/?ref=hometop_hp Clipped from: https://www.financialexpress.com/market/hdfc-bank-vs-icici-bank-whats-a-better-banking-bet-watch-for-these-7-key-factors-3808389/?ref=hometop_hp What are the top bank stocks that need to be on your radar? HDFC Bank and ICICI Bank are in focus ahead