Author: Anil R Tikotekar

Clipped from: https://taxguru.in/income-tax/assessment-framed-basis-mechanical-approval-u-s-153d-tenable.html Saroj Bala Vs ACIT (ITAT Patna) ITAT Patna held that consolidated approval under section 153D of the Income Tax Act granted in mechanical

Clipped from: https://taxguru.in/income-tax/jurisdictional-assessing-officer-authorized-issue-notice-u-s-148-post-faceless-mechanism.html Krishnaveni Kokkula Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that issuance of notice under section 148 of the Income Tax Act by Jurisdictional

Clipped from: https://taxguru.in/income-tax/return-filing-mistake-rectified-143-1-intimation-served.html Krishnaping Alloys Ltd. Vs ACIT (ITAT Mumbai) Rectification for Return-Filing Mistake Revived; Mere Dispatch Entry Not Proof of 143(1) Service The assessee’s return

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/growth-strategy/article70566234.ece Survey cites global risks to robust economy Chief Economic Adviser, Dr. V. Anantha Nageswaran, during a press conference after tabling of Economic Survey

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/golden-lessons/article70569835.ece Sovereign gold bonds offer some policy lessons The skyrocketing gold prices have added to the government’s fiscal stress | Photo Credit: brightstars As

Clipped from: https://www.thehindubusinessline.com/portfolio/india-holds-the-line-while-others-slip-in-fiscal-prudence/article70575170.ece Lower deficits and stable yields leave India better positioned compared to major economies Starting from FY27, India will pivot to the debt-to-GDP ratio

lipped from: https://www.business-standard.com/video-gallery/general/why-is-it-so-hard-to-replace-the-us-dollar-trump-us-economy-fed-rupee-vs-dollar-brics-177629.htm With BRICS intensifying efforts to build an alternative global financial system and US President Donald Trump threatening tariffs in response, talk of de-dollarisation

Clipped from: https://www.business-standard.com/finance/personal-finance/does-remarriage-change-family-pension-rights-delhi-high-court-clears-rules-126013000933_1.html Remarriage does not end a widow’s entitlement, says court in interpretation of Central Civil Services (Pension) Rules Delhi High Court family pension Listen

Clipped from: https://www.business-standard.com/economy/interviews/fy27-growth-forecast-not-contingent-on-us-trade-deal-says-cea-nageswaran-126013001237_1.html CEA V Anantha Nageswaran says industry cannot be protected forever, backs reforms for sustained 7% growth, and stresses innovation and exports as key

lipped from: https://www.financialexpress.com/business/news/fiscally-prudent-budget-to-persist-on-reforms-course/4126092/ Customs rejig, continued focus on job creation likely Union Budget FY27: Nirmala Sitharaman Set to Balance Fiscal Prudence with a New ‘Debt-GDP’ Anchor

However, in the case of a non-government employee, leave encashment received at the time of retirement is taxable, subject to an exemption which is limited

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/builder-skipped-mandatory-rera-insurance-why-homebuyers-face-big-risks-and-what-to-do-now/articleshow/127600372.cms Listen to this article in summarized format Recently, a group of homebuyers had to turn to the Karnataka RERA tribunal to obtain the insurance papers

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/fruit-dealer-earns-rs-92-lakh-in-a-year-files-no-itr-gets-tax-notice-for-unexplained-cash-credit-he-fights-back-and-wins-case-in-itat-bangalore/articleshow/127792044.cms Listen to this article in summarized format On November 24, 2025, the ITAT Bangalore ruled that simply claiming unexplained cash credit without any supporting evidence

Case-Laws – AT : Reopening of assessment was valid where specific information and documentary material, including affidavits and tally entries naming lenders, connected to the AOs

Case-Laws – AT : Interplay between section 144C and section 153 requires determination of limitation for passing final assessment orders by reference to both provisions construed

   Case-Laws – AT : Disallowance of deduction under sections 54B and 54F was examined; tribunal concluded the assessee is not entitled to either deduction and capital

Case-Laws – AT : Validity of reopening was examined with emphasis on limitation and newly inserted procedural safeguards; since the notice was time-barred the reopening was

   Case-Laws – AT : Addition under section 68 concerning unsecured loans addressed the onus of proof regarding lender identity, creditworthiness and genuineness of transactions; the taxpayer