Clipped from: https://www.financialexpress.com/opinion/gdp-shock-not-a-trigger/3682428/?ref=opinion_hp Apart from growth, which is no doubt important for policymakers, the mandate for the RBI is inflation and there is some discomfort over
Category: ART
👌👌👌👌👌The human capital imperative – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-human-capital-imperative/3683447/?ref=opinion_hp Unless India’s baseline of human development improves, it will not be able to raise the share of manufacturing and grow into a developed
👌👌👌Direct Tax Code 2025: Individuals earning Rs 5-15 lakh will be more benefitted once new tax laws in place, feel experts – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/direct-tax-code-2025-individuals-earning-rs-5-15-lakh-will-be-more-benefitted-once-new-tax-laws-in-place-feel-experts-3683751/?ref=money_hp Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with annual incomes between
Hurdles for Microsoft Copilot – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hurdles-for-microsoft-copilot/3684374/?ref=hometop_hp The company’s approach of rapidly deploying AI features across its product suite has been criticised for prioritising market presence over product readiness. Balancing
👌👌👌👌👌👌👌Re-opening of Assessment: dilemma of opinions!
Clipped from: https://database.taxsutra.com/articles/eceb7adb222b44360f06df5b8b5aa6/expert_article The assessment proceedings, completed under Section 143(3) of the Income-tax Act, 1961 (“Act”), have to be conferred sanctity and any reopening of the
👌👌👌👌👌👌👌Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment
Clipped from: https://taxguru.in/income-tax/reopening-assessment-u-s-147-void-ab-initio-issue-dealt-original-assessment.html DCIT Vs Cadila Pharmaceuticals Limited (ITAT Ahmedabad) ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt
👌👌👌👌👌👌👌Gifting assets to relatives? Types of assets you can gift, tax rules and more
Gifting assets to relatives? Types of assets you can gift, tax rules and more https://www.msn.com/en-in/money/news/gifting-assets-to-relatives-types-of-assets-you-can-gift-tax-rules-and-more/ar-AA1oCVfe?ocid=msedgntp&pc=DCTS&cvid=b6c7e275bfbc452aa857682003284624&ei=69 Gifting assets to relatives is a way to distribute wealth
👌👌👌👌👌👌👌Delhi HC Rules Reassessment Based on Insight Portal Information Must Be u/s 147/148, Not Section 153C
Clipped from: https://www.taxscan.in/reassessment-based-on-insight-portal-information-must-be-u-s-147-148-not-section-153c-delhi-hc-read-order/462724/ In a recent ruling, the Delhi High Court ruled that reassessment was initiated based on insight portal information so it must be under
👌👌👌Non-response to notice due to bonafide reasons justified hence matter remanded: Karnataka HC
Clipped from: https://taxguru.in/income-tax/non-response-notice-due-bonafide-reasons-justified-matter-remanded-karnataka-hc.html Varaha Builders Vs Hari Babu (Karnataka High Court) Karnataka High Court remanded the matter back to the Assessing Officer since non-response to notice
👌👌👌👌👌Mere reporting in GST return doesn’t make amount taxable under Income Tax: ITAT Ahmedabad
Clipped from: https://taxguru.in/income-tax/mere-reporting-gst-return-doesnt-amount-taxable-income-tax-itat-ahmedabad.html ITO Vs Aman Enterprise (ITAT Ahmedabad) ITAT Ahmedabad held that mere reporting in the GST return doesn’t make the amount taxable as per
👌👌👌👌👌👌👌Validity of Reopening Assessment Beyond Four-Year Limitation Period Hinges on Assessee’s Full Disclosure
https://taxguru.in/income-tax/validity-reopening-assessment-beyond-four-year-limitation-period-hinges-assessees-full-disclosure.html Prime Developers Vs ACIT (ITAT Mumbai) Reopening of assessment beyond four-year limitation period invalid if AO fails to establish failure on the part of
👌👌👌👌👌👌👌Mere change of opinion cannot be a ground for reopening of assessment
https://taxguru.in/income-tax/mere-change-opinion-ground-reopening-assessment.html Konark Life Spaces Vs ACIT (Bombay High Court) The Hon’ble Bombay High Court in Konark Life Spaces v. Assistant Commissioner of Income -Tax and Ors.
👌👌👌👌👌👌👌No further addition if no addition on the grounds for re-opening of assessment
https://taxguru.in/income-tax/addition-addition-grounds-re-opening-assessment.html PCIT CENTRAL -1 Vs Naveen Infradevelopers & Engineers Pvt Ltd (Delhi High Court) In PCIT CENTRAL-1 Vs Naveen Infradevelopers & Engineers Pvt Ltd, the Delhi
👌👌👌👌👌👌👌Absence of Faceless Assessment Invalidates Section 148 notice: P&H HC
https://taxguru.in/income-tax/absence-faceless-assessment-invalidates-section-148-notice-ph-hc.html Vipin Kumar Gupta Vs ITO (Punjab and Haryana High Court) The Punjab and Haryana High Court, in the case of Vipin Kumar Gupta vs. ITO,
👌👌👌👌👌👌👌Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment
https://taxguru.in/income-tax/reopening-assessment-u-s-147-void-ab-initio-issue-dealt-original-assessment.html DCIT Vs Cadila Pharmaceuticals Limited (ITAT Ahmedabad) ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt in
Corporation tax paid by listed companies at 4-year low in Q2 FY25
Clipped from: https://www.business-standard.com/economy/news/corporation-tax-paid-by-listed-companies-at-4-year-low-in-q2-fy25-124120201053_1.html Tax payment by listed companies was down 7 per cent year-on-year (Y-o-Y) in Q2FY25, their worst showing in the last four years and
👌👌👌👌👌Tweaks on cards for PM internship plan: Age, educational criteria may ease | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/tweaks-on-cards-for-pm-internship-plan-age-educational-criteria-may-ease-124120201016_1.html Move may be aimed at attracting more applicants Illustration: Ajay Mohanty The government may tweak the Prime Minister (PM) Internship Scheme to attract
Top Indian cities report about 1 million unsold housing units: Study | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/top-indian-cities-report-about-1-million-unsold-housing-units-study-124120200871_1.html Photo: Shutterstock Listen to This Article The top eight Indian cities have reported high inventory levels, with about 1 million unsold housing units
👌👌👌👌👌👌👌Reassessment Proceeding initiated after 6 years is not valid; Department must prove dispatch of notice
https://taxguru.in/income-tax/reassessment-proceeding-initiated-after-6-years-is-not-valid-department-must-prove-dispatch-of-notice.html M/s Ardent Steel Limited, Vs ACIT (Chhattisgarh High Court) A focused glance of the Section 149 provision would show that the maximum time limit
👌👌👌👌👌👌👌Reassessment after 4 years not valid If Assessee Made Full & True Disclosure during original assessment
https://taxguru.in/income-tax/reassessment-4-years-valid-assessee-full-true-disclosure-original-assessment.html Ranjana Aggarwal Vs ITO (ITAT Delhi) When the original assessment is completed u/s 143(3) and the reassessment proceedings have been initiated after a period
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