Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-signs-poa-with-land-owner-builds-flats-on-land-and-sells-claims-rs-13-crore-tax-deduction-i-t-dept-sends-notice-she-fights-back-and-wins-in-hc/articleshow/126544402.cms On December 1, 2025, the Madras High Court upheld ITAT Chennai’s order, stating that a taxpayer can claim deduction under Section 80-IB without needing to own
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.
*******Reopening Invalid When Search Material Triggers Section 153C
Clipped from: https://taxguru.in/income-tax/reopening-invalid-search-material-triggers-section-153c.html ITO Vs Sagar Construction Company BA Gateway (ITAT Pune) Search-Based Information Triggers Section 153C, Not Reopening u/s 147 — ITAT Pune Dismisses Revenue
*******Capital Gains Recomputed After Proving Gift-Funded Purchase Cost
Clipped from: https://taxguru.in/income-tax/capital-gains-recomputed-proving-gift-funded-purchase-cost.html Mohsin Himmati Vs ADIT (ITAT Hyderabad) Father’s Bank-Funded Payments Allowed as Cost of Acquisition — ITAT Hyderabad Grants Full LTCG Relief The Hyderabad
*******Reopening After 3 Years Invalid If Escapement Is Below ₹50 Lakh
Clipped from: https://taxguru.in/income-tax/reopening-3-years-invalid-escapement-rs-50-lakh.html Sanjay Champalal Jaiswal Vs ITO (ITAT Pune) Reopening Beyond Three Years Invalid Where Escapement Is Below ₹50 Lakh — ITAT Pune Quashes Reassessment
*******Reassessment Quashed for Issuance of Notice Outside Faceless Regime
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-issuance-notice-faceless-regime.html Thilak Babu Boppana Vs ITO (ITAT Hyderabad) Reassessment Quashed for Want of Faceless Jurisdiction — ITAT Hyderabad Applies Kankanala Ravindra Reddy The Hyderabad
*******Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside
Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside 8. Case-Laws – AT : Whether penalty under section
*******Rupee depreciation: Is RBI intervention deferring the inevitable? – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rupee-depreciation-is-rbi-intervention-deferring-the-inevitable/article70505255.ece To maintain currency stability, RBI interventions must be accompanied by a focus on domestic growth conditions, better fiscal management, controlling inflation volatility, and
*****Tax story – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-story/article70508776.ece India’s tax base is expanding, but remains skewed For a long time, policymakers have agonised over India’s narrow tax base and tax collections
*******The truth about ‘please’, ‘thank you’ and ChatGPT’s energy use – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/science/does-adding-please-and-thank-you-to-chatgpt-prompts-really-waste-energy/article70512115.ece Each AI query requires fresh computation, unlike traditional digital services, making usage directly linked to energy consumption. As AI adoption accelerates, its environmental
*******Budget 2026-27: The next five reforms India needs to boost growth | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/budget-2026-27-the-next-five-reforms-india-needs-to-boost-growth-126011501336_1.html They can help ensure that India remains on a high-growth trajectory over the next two decades For the first half of this year,
*******AI-based financial scams: Set a family code word for emergency requests
Clipped from: https://www.business-standard.com/finance/personal-finance/ai-based-financial-scams-set-a-family-code-word-for-emergency-requests-126011500832_1.html Pause and verify the caller’s identity independently before transferring funds AI is supercharging financial scams with speed, scale and personalisation, making fraud harder
*Banks’ credit-to-deposit ratio hits record 81.75% as mobilisation lags – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-credit-to-deposit-ratio-hits-record-81-75-as-mobilisation-lags/articleshow/126551281.cms Synopsis Indian banks’ credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan
Can’t escape screens? 7 simple tips to reduce your screen time as an adult | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/reduce-screen-time-adults-tips-eye-health-digital-habits-126011500708_1.html Long hours on phones and laptops can strain eyes and mind. Here are easy, doctor-approved strategies to reduce screen time and build healthier
*Disputing a wrong credit card charge? Experts say timing decides refunds | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/disputing-a-wrong-credit-card-charge-experts-say-timing-decides-refunds-126011500758_1.html Banks and card networks run on different clocks, and the earliest deadline often decides the outcome Credit Card(Photo: Shutterstock) Disputing a wrong credit
*******Sold Indian property for Rs 2 crore, TDS deducted but no ITR filed: Why Delhi HC denied tax relief to NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-indian-property-for-rs-2-crore-tds-deducted-but-no-itr-filed-why-delhi-hc-denied-tax-relief-to-canadian-citizen-of-indian-origin/articleshow/126539540.cms On December 23, 2025, the Delhi High Court turned down a plea from a senior citizen of Indian origin who was asking for
*No Hearing, No Merits: Income Tax Appellate Orders Quashed and Sent Back
Clipped from: https://taxguru.in/income-tax/hearing-merits-income-tax-appellate-orders-quashed.html Shaheed Bhagat Singh Polyethnic Vs DCIT (ITAT Chandigarh) The appeals before the Income Tax Appellate Tribunal, Chandigarh Bench concerned multiple assessment years and
*******Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
Clipped from: https://taxguru.in/income-tax/section-54-capital-gains-tax-exemption-constitutes-date-transfer.html This article forms Part II of a series on capital gains exemption under Section 54 of the Income-tax Act, 1961, and examines the
*Income Tax Consultant died during COVID-19: ITAT condones 848 days’ delay [Read Order]
lipped from: https://www.taxscan.in/top-stories/income-tax-consultant-died-during-covid-19-itat-condones-848-days-delay-1441910?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345168 The ITAT condoned a delay of 848 days in filing an appeal, noting that the taxpayer’s consultant had died during the COVID-19 pandemic.
Composite GST Assessment Covering Multiple Years Invalid: Andhra Pradesh HC Cites Violation of S. 73 & 74 [Read Order]
Clipped from: https://www.taxscan.in/top-stories/composite-gst-assessment-covering-multiple-years-invalid-andhra-pradesh-hc-cites-violation-of-s-73-74-1441450?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345145 Composite GST Assessment Covering Multiple Years Invalid: Andhra Pradesh HC Cites Violation of S. 73 & 74 The Andhra Pradesh High Court has ruled that
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