Clipped from: https://www.taxscan.in/top-stories/relief-to-aditya-birla-sun-life-insurance-itat-quashes-reassessment-notice-us-148-issued-beyond-statutory-time-limit-under-new-regime-1439873?TRN300=SeBwznSuSAuqKEBiUFAMSbwGaSZDwdMkeKydFAlXWJhMVUFciMcBZyDRbMcACH&LKD333=3266322 The Tribunal reaffirmed that reassessment proceedings under new regime must strictly adhere to limitation and sanction requirements In a recent ruling in the
Category: Five Star
1 in 5 cashless treatment requests by road accident victims is rejected | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/1-in-5-cashless-treatment-requests-by-road-accident-victims-is-rejected-125120500236_1.html On March 14, 2024, the ministry launched a pilot programme in Chandigarh, which was later expanded to six states to provide cashless treatment
*****Insurance company or broker may need to pay penalty, compensation for mental harassment to policy holder – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/insurance-company-or-broker-may-need-to-pay-penalty-compensation-for-mental-harassment-to-policy-holder/article70326293.ece The insurance ombudsman will register every complaint within one working day These are some changes being proposed in the draft for Insurance Ombudsman
*****Nominee vs legal heir: Who actually gets your money when you die? – Nominee is not your heir | The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/nominee-vs-legal-heir-who-actually-gets-your-money-when-you-die/slideshow/125271151.cms Nominee is not your heir The nominee only holds your money in trust after death. The real ownership lies with your legal heirs,
*****Reimagining labour laws for MSMEs – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reimagining-labour-laws-for-msmes/article70253857.ece A tailored Employment Relations Code can bring small firms into the fold of protection without drowning them in compliance The newly introduced Shram
*******Now get faster tax refunds and easier ITR corrections: New CBDT rules explained – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-get-faster-tax-refunds-and-easier-itr-corrections-new-cbdt-rules-explained/articleshow/125163417.cms The Central Board of Direct Taxes (CBDT), issued a notification on October 27, 2025, empowering the Commissioner of Income Tax (CPC), Bengaluru, to exercise concurrent
*****Delhi HC Quashes Reassessment Based on New Grounds Not Mentioned in 148A(b) Notice
Clipped from: https://taxguru.in/income-tax/delhi-hc-quashes-reassessment-based-grounds-mentioned-148ab-notice.html Ernst And Young Emeia Services Limited Vs ACIT (Delhi High Court) The Delhi High Court addressed a petition filed by Ernst And Young Emeia Services Limited
*****NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA
Clipped from: https://www.taxscan.in/top-stories/nri-property-sale-decoding-capital-gains-tds-obligations-under-it-act-and-repatriation-compliance-under-fema-1436452?TRN300=SvkwjnCuCAuPbdYIsAfMSBgwaCjdWDMKUyycAFnhGJgMvUfsIMSkzyDPbMSAsh&LKD333=3134337 NRI sellers must ensure the buyer provides a copy of the TDS certificate in a timely manner, as this document is essential for
*****Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/tax-audit-not-applicable-when-turnover-is-below-lakh-itat-deletes-addition-1436438?TRN300=SvkwjnCuCAuPbdYIsAfMSBgwaCjdWDMKUyycAFnhGJgMvUfsIMSkzyDPbMSAsh&LKD333=3134382 The Tribunal held that the requirement for auditing account books under Section 44AB was not applicable for the Assessment Year 2016-17 if the
*****Aadhaar not linked to PAN? You could lose salary credit, SIPs and tax refunds – Details here – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/aadhaar-not-linked-to-pan-you-may-lose-salary-credit-sips-and-tax-refunds-details-here-4033260/ If you haven’t yet linked your PAN with Aadhaar, do it before December 31. If your PAN is found unlinked to Aadhaar by December 31,
*****AI cameras may have caught your traffic slip-up: Here’s how to check it | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/ai-cameras-may-have-caught-your-traffic-slip-up-here-s-how-to-check-it-125110300502_1.html Here’s a quick step-by-step guide to check if an e-challan has been issued against your vehicle Listen to This Article In today’s AI-driven
*****Pre-Consultation Not Mandatory Before Service Tax SCN: Madras HC
Clipped from: https://taxguru.in/service-tax/pre-consultation-mandatory-service-tax-scn-madras-hc.html Brilliant Corporate Services Private Limited, (Now known as M/s. Brivas Private Limited) Vs Commissioner (Madras High Court) The petitioner, Brilliant Corporate Services Private
*****Buyer of auctioned property to get Rs 2 crore refund as bank failed to disclose the pending legal dispute; Telangana High Court order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/buyer-of-auctioned-property-to-get-rs-2-crore-refund-as-bank-failed-to-disclose-the-pending-legal-dispute-telangana-high-court-order/articleshow/124985590.cms Property buyer paid Rs 2 crore advance for a Rs 8 crore property auctioned by a bank; but property was tangled in legal
*****Ancestral Property Sale Tax;
Clipped from: https://maharashtratimes.com/business/real-estate-news/ancestral-property-sale-tax-dept-issue-notice-over-8-crore-payment-taxpayer-wins-case-in-itat-delhi-know-how/articleshow/124800829.cms Tax on Sale of Ancestral Land in India: वडिलोपार्जित जमिनीच्या विक्रीतून एका माणसाला 8 कोटी रुपये मिळाले आणि त्याला आयकर विभागाची टॅक्स चोरीबाबत
*****Tricky times – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tricky-times/article70226099.ece U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in
*****India’s Labour Codes: Transformative step towards inclusive economic growth
Clipped from: https://www.business-standard.com/opinion/columns/india-s-labour-codes-transformative-step-towards-inclusive-economic-growth-125103001665_1.html If we implement with speed, transparency and collaboration, the Codes can anchor India’s next growth chapter Land and labour are foundational to India’s
*****Bank nomination process to credit card fees: Finance rule changes in Nov | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/bank-nomination-process-to-credit-card-fees-finance-rule-changes-in-nov-125103101173_1.html Financial institutions will update terms of various products and services for customer convenience On average, families in the segment earn about ₹33,000 a
*****Reassessment Cannot Survive Once Recorded Reasons Fail: Delhi HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/reassessment-cannot-survive-once-recorded-reasons-fail-delhi-hc-1435980?TRN300=cEBwzPsDCadlBdIVKdvMskwwAsJuwdMkdiVbuvMHwZGMVuFsYMskJIuMbMSACX&LKD333=3115469 The Court’s ruling was based on the reasons recorded for reopening, which were central to establishing that the foundation for reassessment was invalid.
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