*ITR portal update: Now view if and when an I-T official saw or reviewed your tax notice submissions, know how it benefits taxpayers – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-view-if-and-when-an-i-t-official-saw-or-reviewed-your-tax-notice-submissions-this-is-how-it-will-benefit-taxpayers/articleshow/124576092.cms The new feature also identifies delays and uses analytics to evaluate performance and improves efficiency in faceless assessments and appeals, says Bimal Jain,

*******Case of Afterthought Evidence in Income Tax Litigation and its Contemporary Relevance

lipped from: https://www.taxscan.in/top-stories/case-of-afterthought-evidence-in-income-tax-litigation-and-its-contemporary-relevance-1434684?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059338 Afterthought evidence refers to documents, affidavits, or pleas introduced late in the proceedings. In a recent development, the High Court of Kerala gave

Case of Afterthought Evidence in Income Tax Litigation and its Contemporary Relevance

Clipped from: https://www.taxscan.in/top-stories/case-of-afterthought-evidence-in-income-tax-litigation-and-its-contemporary-relevance-1434684?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059338 Afterthought evidence refers to documents, affidavits, or pleas introduced late in the proceedings. In a recent development, the High Court of Kerala gave

*****ITAT Allows Gifts from Sisters, Rules Tax Dept Can’t Reject Them Merely for ‘Lack of Scrutiny’ on Donors [Read Order]

Clipped from: https://www.taxscan.in/top-stories/itat-allows-gifts-from-sisters-rules-tax-dept-cant-reject-them-merely-for-lack-of-scrutiny-on-donors-1434589?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059331 The tribunal held that the assessee had satisfactorily discharged his initial burden by providing documents that established three crucial aspects: the identity of

Cash retains 50% share in India despite booming digital payments and UPI growth – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/money-and-banking/cash-still-king-in-india-accounts-for-50-of-payments-even-as-digital-transactions-soar/article70161485.ece  Digital payments dominate retail transactions at 99.8%, driven by policy support, fintech growth, and rising internet and smartphone penetration Despite the rapid surge

*Income tax disputes stuck in endless loop: Faceless CIT (A)s are issuing repeated notices but no final judgement, preventing taxpayers from taking further action – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-disputes-stuck-in-endless-loop-faceless-cit-as-are-issuing-repeated-notices-but-no-final-judgement-preventing-taxpayers-from-taking-further-action/articleshow/124544337.cms Endless Notices, No Orders: Taxpayers Trapped in Faceless Appeal Limbo The launch of the Faceless Appeal Scheme by Prime Minister, Shri Narendra Modi, in September

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