Author: Anil R Tikotekar

https://www.taxscan.in/top-stories/income-tax-assessment-order-signed-within-time-but-communicated-after-statutory-deadline-held-time-barred-itat-1446746 The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, quashed the final assessment order passed under Section 143(3) read with Section 144C(13) of the Income

https://taxguru.in/income-tax/itat-accepts-spam-folder-explanation-reasonable-missing-tax-notice.html?utm_source=follow.it Mahendra Kalyanji Ghelani Vs DCIT (ITAT Mumbai) ITAT Restores AIF Exemption Matter Because Additional Evidence Was Rejected on Technical Grounds;  Additional Evidence Must Be Liberally

https://taxguru.in/income-tax/itat-remands-section-54f-dispute-due-non-consideration-evidence.html?utm_source=follow.it Nirmal Kishore Jain Vs Addl./Joint/ Dy. /ACIT (ITAT Delhi) In a recent decision, the Income Tax Appellate Tribunal restored a matter to the Assessing

https://taxguru.in/income-tax/section-69a-addition-deleted-cross-examination-third-party-witness-denied.html?utm_source=follow.it Summary: The ITAT Mumbai in Ratul Tex Private Limited v. Deputy Commissioner of Income Tax, deleted an addition of ₹1.09 crore made under Sections 69A and 115BBE

Section 56(2)(x) not Apply to Redevelopment Flats as Transaction Is Exchange of Existing Rights Amar Narendra Joshi Vs ITO (ITAT Mumbai) The ITAT Mumbai considered

https://taxguru.in/income-tax/third-party-loose-papers-justify-addition-cross-examination-itat-delhi.html?utm_source=follow.it Jagdeep Singh Gill Vs DCIT/ACIT (ITAT Delhi) Addition Deleted Because Revenue Failed to Verify Alleged Cash Payment From Seller or Co-Buyers; ITAT Holds Search-Related Assessments

https://taxguru.in/income-tax/itr-forms-ay-2026-27-form-file-key-changes.html?utm_source=follow.it 1. Introduction The Income Tax Department notifies Income Tax Return (ITR) forms every year for the relevant Assessment Year. For AY 2026-27 (corresponding to

https://www.thehindubusinessline.com/money-and-banking/karnataka-bank-conducts-annual-conference-of-concurrent-and-internal-auditors/article71048379.ece Raghavendra S Bhat, Managing Director and CEO of Karnataka Bank, emphasized the critical role of auditors in promoting transparency, accountability, and sustainable growth |

https://www.thehindubusinessline.com/opinion/external-shocks-and-policy-choices/article71049508.ece It is well-known that market over-reaction tends to raise risk spreads for emerging market economies (EMEs), when there is a global shock. Even so,

https://www.thehindubusinessline.com/opinion/can-india-reap-ai-gains/article71049724.ece The foundational layer of AI is dominated by global technology firms  | Photo Credit: Blue Planet Studio Artificial intelligence, particularly generative AI and agentic

https://www.business-standard.com/india-news/delhi-hc-recognises-right-to-be-forgotten-lays-down-masking-guidelines-126060101919_1.html The Delhi High Court recently held that the “right to be forgotten” forms part of the fundamental right to privacy guaranteed under Article 21

https://www.business-standard.com/finance/personal-finance/harassed-by-loan-recovery-agents-what-borrowers-can-do-under-rbi-rules-126060101630_1.html Missing a loan equated monthly installment (EMI) can be stressful. For many borrowers, the pressure becomes even worse when recovery agents start calling repeatedly,

https://www.business-standard.com/finance/personal-finance/upi-security-pan-rules-tax-deadline-key-financial-changes-from-june-1-126060101007_1.html June 2026 begins with a series of changes that could affect how people make digital payments, manage taxes and handle routine financial transactions. The

https://taxguru.in/income-tax/itat-deletes-section-68-addition-assessee-proved-identity-creditworthiness-source-source.html?utm_source=follow.it Mahendra Enterprise Firm Vs ACIT (ITAT Mumbai) ITAT Deletes Section 68 Addition Because Assessee Repaid Loan With Interest and Deducted TDS; Section 68 Addition

https://www.business-standard.com/opinion/columns/talk-tariffs-but-understand-ocean-freight-and-its-impact-on-trade-costs-126053100846_1.html As India moves ahead in trade negotiations with Canada and the United States (US), attention is again centred on tariff concessions. Lower tariffs can

https://www.business-standard.com/finance/news/govt-plans-ai-against-ai-approach-to-strengthen-digital-public-infra-126060101046_1.html The government has planned to deploy artificial intelligence (AI) to strengthen India’s digital public infrastructure and address gaps in the cybersecurity system, amid growing

https://www.business-standard.com/technology/tech-news/gemini-spark-arrives-for-google-ai-ultra-users-how-the-agentic-ai-works-126060101383_1.html Google has started rolling out Gemini Spark in select regions, including the US. It is a new AI-powered agent designed to automate tasks and carry