Author: Anil R Tikotekar
*******CBDT gears up for new Income Tax Bill implementation, plans workforce training – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbdt-gears-up-for-new-income-tax-bill-implementation-plans-workforce-training/article69619839.ece The bill, currently under review by a Parliamentary Select Committee, is expected to be cleared in the Monsoon Session. Ahead of the passage
Claims against personal guarantors in IBC cases jump 80% in FY25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/claims-against-personal-guarantors-in-ibc-cases-jump-80-pc-in-fy25/article69621344.ece Creditors recover just ₹129 crore or 2% of admitted claims The number of cases filed against the personal guarantors last fiscal increased 24
ICICI Bank ends PayLater on UPI: Here’s what’s changing for users now | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/icici-bank-ends-paylater-on-upi-here-s-what-s-changing-for-users-now-125052600497_1.html ICICI Bank has discontinued its PayLater credit line on UPI for all users. Existing dues must be paid, but other banking services stay
*******YouTube’s three-strike rule: What creators should know and how to appeal | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/youtube-s-three-strike-rule-what-creators-should-know-and-how-to-appeal-125052600554_1.html YouTube’s three-strike policy covers copyright and community violations; three strikes in 90 days can shut down your channel. Here’s how creators can navigate,
SC halts Bhushan Steel liquidation, orders status quo on JSW review | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/supreme-court-halts-bhushan-steel-liquidation-orders-status-quo-125052601154_1.html The Supreme Court pauses NCLT proceedings to liquidate BPSL, observing that doing so may prejudice JSW’s yet-to-be-filed review of its quashed resolution plan
*******ITR hacks for senior citizens: Don’t miss THESE tax benefits available for pensioners in 2025 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-hacks-for-senior-citizens-dont-miss-these-tax-benefits-available-for-pensioners-in-2025-3857557/ In this story, we will discuss about the various tax benefits available for senior citizens those availing retirement benefits like commuted pension, gratuity,
*******P Chidambaram writes: Why no jobs for most youth? | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/p-chidambaram-writes-why-no-jobs-for-most-youth-10026736/ …The regrettable but inescapable conclusions are, firstly, that the applicants for jobs do not have the education or the skills to fill the
*******Reassessment u/s. 148 untenable as mandatory requirement of 149(1)(b) not complied
Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-untenable-mandatory-requirement-149-1-b-complied.html Novo Nordisk India Private Limited Vs DCIT (Karnataka High Court) Karnataka High Court held that assumption of jurisdiction under section 147 of the
Long Term Capital Gain On Immovable Properties – After Budget 2024
Clipped from: https://taxguru.in/income-tax/long-term-capital-gain-immovable-properties-budget-2024.html A very significant change that was brought in by the Union Budget 2024 was related to Long Term Capital Gains (LTCG) on sale
*******ITAT Quashes Reassessment Proceedings Without Documentary Evidence and Borrowed Satisfaction
Clipped from: https://www.taxscan.in/reassessment-proceedings-initiated-without-documentary-evidence-and-based-on-borrowed-satisfaction-itat-quashes-proceedings/521001/ The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),quashed reassessment proceedings initiated without any documentary evidence and based solely on borrowed satisfaction. The Revenue-appellant appealed
*******CPC cannot continue to Rectify and Re-rectify intimation u/s 143(1)(a) of Income Tax Act Repeatedly: Delhi HC [Read Order]
Clipped from: https://www.taxscan.in/cpc-cannot-continue-to-rectify-and-re-rectify-intimation-u-s-1431a-of-income-tax-act-repeatedly-delhi-hc/520944/ The repeated use of rectification powers, without due consideration of earlier corrective actions, was deemed improper. This aspect was not considered by the
*******Playing cards without gambling doesn’t involve moral turpitude: SC | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/playing-cards-without-gambling-doesn-t-involve-moral-turpitude-sc-125052500238_1.html The Supreme Court ruled that playing cards for fun without gambling doesn’t involve moral turpitude, reinstating Hanumantharayappa YC’s election in Karnataka’s cooperative society
*******Reassessment order set aside as passed without disposal of objections: Karnataka HC
Clipped from: https://taxguru.in/income-tax/reassessment-order-set-passed-disposal-objections-karnataka-hc.html Hewlett Packard Financial Services (India) Pvt Ltd Vs DCIT (Karnataka High Court) Karnataka High Court held that reassessment order under section 148 of
*******Reopening u/s. 148 beyond 4 years quashed as material facts fully & truly disclosed: ITAT Raipur
Clipped from: https://taxguru.in/income-tax/reopening-u-s-148-4-years-quashed-material-facts-fully-disclosed-itat-raipur.html Pradeep Kumar Agrawal Vs ITO (ITAT Raipur) ITAT Raipur held that reopening of proceedings under section 148 of the Income Tax Act beyond