Clipped from: https://taxguru.in/income-tax/addition-u-s-68-sustained-initial-onus-proving-identity-creditworthiness-genuineness-discharged.html ACIT Vs Jay Bharat Mehta (ITAT Mumbai) ITAT Mumbai held that addition towards section 68 of the Income Tax Act deleted as assessee
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
*******Furnishing Reasons at Fag End & Hasty Reassessment Proceedings Unconstitutional: Bombay HC
Clipped from: https://taxguru.in/corporate-law/furnishing-reasons-fag-hasty-reassessment-proceedings-unconstitutional-bombay-hc.html Jayant Avinash Dave Vs ACIT (Bombay High Court) The Bombay High Court ruled in favor of petitioner Jayant Avinash Dave, quashing the reopening
*******Section 54F Exemption Allowed Despite Wife’s Name on Property Title; ITAT Deletes Addition of ₹168.55 crore unexplained cash credit
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-allowed-wifes-property-title-itat-deletes-addition-rs-168-55-crore-unexplained-cash-credit.html ACIT Vs Jay Bharat Mehta (ITAT Mumbai) Section 54F Exemption Allowed Despite Wife’s Name on Property Title In this case, the Assessee claimed
*******ITAT Sets Aside NFAC Order for Non-Consideration of Material, Directs De Novo Adjudication
Clipped from: https://taxguru.in/income-tax/itat-sets-nfac-order-non-consideration-material-directs-de-novo-adjudication.html Mahadevan Vs ITO (ITAT Chennai) The case of Mahadevan Vs ITO (ITAT Chennai) pertains to an appeal against an order by the Commissioner of Income
आवश्यक*******Addition due to assessee’s failure to provide documents: ITAT Remands case
Clipped from: https://taxguru.in/income-tax/addition-due-assessees-failure-provide-documents-itat-remands-case.html Germinda Pvt. Ltd. Vs ITO (ITAT Kolkata) The case of Germinda Pvt. Ltd. Vs ITO pertains to the assessment year 2012-13, challenging the addition of
*******ITAT Remands Appeal to CIT(A) for Fresh Adjudication Due to Failure to Address Merits
Clipped from: https://taxguru.in/income-tax/itat-remands-appeal-cit-appeal-fresh-adjudication-due-failure-address-merits.html Selvalakshmi Feeds & Farms Vs ITO (ITAT Chennai) The case of Selvalakshmi Feeds & Farms Vs ITO involved an appeal against the ex parte order
*******No proper opportunity before AO: ITAT remanded back the matter
Clipped from: https://taxguru.in/income-tax/proper-opportunity-ao-itat-remanded-matter.html Virtiben Preyashkumar Shah Vs ITO (ITAT Ahmedabad) Assessment was completed at income of Rs.1,23,18,612/- against the returned income of Rs.3,76,740/- on account of
आवश्यक*******What it means maintaining–consent artefacts-in the context of DPDP Act ?
Maintaining consent artefacts refers to the process of keeping and managing records or documentation that demonstrate an individual’s consent to a particular action, decision, or
आवश्यक*******[FAQs] –DPDP Act)==Courtesy Taxman
Introduction FAQ 1. What is the Digital Personal Data Protection Act (DPDP Act)? The DPDP Act is a legal framework introduced in India to safeguard
आवश्यक*******No addition for LTCG as property transfer u/s 2(47) required verification of buyer possession and receipt of consideration
Clipped from: https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sachin Ramesh Pawar Vs ITO (ITAT Pune) Conclusion: Since assessee’s claims regarding possession and consideration were supported by documents that were not presented before
आवश्यक*******What to expect from DPDP Act? –Courtesy Telagana Today —
After the Union IT Ministry notified the draft rules on data protection law, it sought feedback by February 18. So, here are the Frequently Asked
आवश्यक*******DPDP rules: Parental consent and data localisation shake up big tech in new digital data rules–Courtesy Telangana Today
The draft DPDP rules propose mandatory parental consent for children’s accounts, data localisation requirements, and complex consent management challenges for businesses The draft DPDP rules
Relax 20% pre-deposit rule for tax disputes under resolution, say experts – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/relax-20-pre-deposit-rule-for-tax-disputes-under-resolution-say-experts-3721872/?ref=hometop_hp Although, it is not a condition for filing an appeal to the ITAT, however, this pre-deposit is required so that tax recovery proceedings
‘Rate-cut cycle unlikely to begin soon unless liquidity improves’ – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance-rate-cut-cycle-unlikely-to-begin-soon-unless-liquidity-improves-3722023/?ref=hometop_hp In the corporate segment, with corporate India currently flush with liquidity, we are well-positioned as the primary banker for many businesses, which ensures
Tax disputes hassle firms – The Hindu BusinessLine
JCIT/CIT (Appeals Tax disputes hassle firms – The Hindu BusinessLine Clipped from: https://www.thehindubusinessline.com/opinion/tax-disputes-hassle-firms/article69124581.ece India Inc seeks quick resolution of pending cases The Finance Minister in her
Trump’s ‘America First Trade Policy’ may lead to tariff threats for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/trumps-america-first-trade-policy-may-lead-to-tariff-threats-for-india/article69124535.ece If consultations with Trump regime fails and US imposes tariffs, New Delhi must retaliate proportionately, say experts US President Donald Trump’s America First
India, world should be prepared for economic churn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-india-world-should-be-prepared-for-economic-churn/article69123253.ece Fall in line or agree to fall out with me, has been Trumps’ signature tune. He threatens first and then resorts to diplomacy
Consumption puzzle decoded – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/consumption-puzzle-decoded/article69124629.ece Contrary to popular narrative, the HCES shows lower income consumers splurging while the affluent have cut back Consumption in India, and whether it
Budget 2025: Balancing reforms and fiscal consolidation to revive growth
Clipped from: https://www.business-standard.com/opinion/columns/budget-2025-balancing-reforms-and-fiscal-consolidation-to-revive-growth-125012001569_1.html The two key questions are: What is the diagnosis of the economic slowdown? And what can the Budget do to address it? Listen
Back to a Maga future: Mr Trump’s second coming signals more disruption | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/back-to-a-maga-future-mr-trump-s-second-coming-signals-more-disruption-125012101571_1.html Mr Trump earned the loudest and longest cheer for his intention, backed by an executive order, to declare a national emergency on the
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