Clipped from: https://taxguru.in/income-tax/non-response-notices-itat-reduces-penalty-citing-assessees-depression-losses.html Jayasakthi Knit Wear Vs ITO (ITAT Chennai) In the case of Jayasakthi Knit Wear Vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed
Category: ART
*******Apppellate authorities must decide cases on merits, even in ex parte Cases: Patna HC
Clipped from: https://taxguru.in/goods-and-service-tax/apppellate-authorities-decide-cases-merits-ex-parte-cases-patna-hc.html Silverline Vs State of Bihar (Patna High Court) In the case of Silverline vs State of Bihar, the Patna High Court examined the dismissal
*******ITAT Remands Case for Fresh Adjudication After CIT(A) Denies Fair Hearing
Clipped from: https://taxguru.in/income-tax/itat-remands-case-fresh-adjudication-cita-denies-fair-hearing.html Kamlesh Babalal Shah Vs ACIT (ITAT Ahmedabad) In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the
*******Non-Receipt of Hearing Notices: ITAT Sets Aside Ex-Parte Order
Clipped from: https://taxguru.in/income-tax/non-receipt-hearing-notices-itat-sets-aside-ex-parte-order.html Dhaval Nalinbhai Patel Vs DCIT (ITAT Ahmedabad) In the case of Dhaval Nalinbhai Patel Vs. DCIT, the ITAT Chennai addressed an appeal concerning
*******No Income Tax on Cash Gift from Father & Father-in-Law: ITAT Delhi
Read more at: https://taxguru.in/income-tax/income-tax-cash-gift-father-father-in-law-itat-delhi.htmlCopyright © Taxguru.in The assessee, married in February 2011, claimed that the amount comprised gifts of ₹5,00,000 from his father and ₹5,80,000 from
*******10-Year Limit Applies Prospectively, Not Retroactively to Expired Six-Year Limit: Delhi HC
Clipped from: https://taxguru.in/income-tax/10-year-limit-applies-prospectively-retroactively-expired-six-year-limit-delhi-hc.html Sheetal International Private Limited Vs Chief Commissioner of Income Tax (Delhi High Court) In the case of Sheetal International Private Limited Vs Chief Commissioner
*******अग्रलेख : फेकुचंदांचा फाल्गुनोत्सव!
Clipped from: https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-on-meta-x-shutting-down-fact-checkers-after-donald-trump-elected-as-us-president-zws-70-4821552/ अग्रलेख : फेकुचंदांचा फाल्गुनोत्सव! ..हे या दोन कंपन्या आणि अमेरिकी अध्यक्ष या दोघांबाबतही भाष्य करणारे आहे. ही अशी सत्यास तिलांजली देण्याची गरज या
*******Course correction – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/course-correction/article69085267.ece Decline in market turnover, a good sign Recent data on trading volumes in the equity cash and derivatives segment of the stock market
*******Amplifying misinformation: Meta’s decision will harm public interest | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/amplifying-misinformation-meta-s-decision-will-harm-public-interest-125010901365_1.html Fact checking was initiated after the 2016 US elections and the Brexit referendum, which were both influenced by rampant disinformation on Facebook The
*National Cyber Security Coordinator urges increased investment in cybersecurity for India’s digital infrastructure to protect against cyber threats – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/corporate-investment-in-cybersecurity-remains-minimal-national-cyber-security-coordinator/article69081017.ece Urging industry leaders to step up investment in cybersecurity, Nair called for a fundamental shift in corporate governance New Delhi Despite having one
*Is spam being reined in? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-spam-being-reined-in/article69081779.ece While unsolicited commercial calls over telecom networks are falling, those over unregulated OTT platforms need to be addressed Unsolicited commercial communication (UCC), often
*How long can you stare at your wife?’: L&T Chairman’s reason to work 90 hours a week sparks criticism
Clipped from: https://www.deccanherald.com/india/how-long-can-you-stare-at-your-wife-lt-chairmans-reason-to-work-90-hours-a-week-sparks-criticism-3348094 Larsen & Toubro’s chairman S N Subrahmanyan Credit: L&T website Adding fuel to the much-debated issue of work-life balance in the Indian corporate
*US to allow domestic H-1B visa renewal for Indians in 2025 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/us-to-allow-domestic-h-1b-visa-renewal-for-indians-in-2025/article69073131.ece The US Department of State is set to establish a US-based renewal program in 2025, allowing Indians to renew their H-1B visas without
******Centre launches cashless treatment scheme for road accident victims, nationwide rollout by March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/centre-launches-cashless-treatment-scheme-for-road-accident-victims-nationwide-rollout-by-march/article69073584.ece The scheme will cover treatment costs for seven days, up to ₹1.5 lakh, starting once the police report is filed within 24 hours
*****America can’t do without H-1B visa workers: This report explains why | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/america-can-t-do-without-h-1b-visa-workers-this-report-explains-why-125010600801_1.html The findings come as debates intensify around the H-1B visa programme, a key route for bringing skilled foreign professionals, particularly from India, into
*******Allowability of 50% of claimed indexed construction costs due to lack of sufficient evidence
lipped from: https://taxguru.in/income-tax/allowability-50-claimed-indexed-construction-costs-due-lack-sufficient-evidence.html Meena Gupta Vs ACIT (ITAT Delhi) Conclusion: Denial of the entire expenditure incurred towards as cost of construction by AO could not be held
