Clipped from: https://www.thehindubusinessline.com/opinion/editorial/deceptive-sheen/article70452869.ece Gold, silver rally alongside financial assets, a warning sign The rally in precious metals may very well continue into 2026 | Photo Credit:
Category: Five Star
*****India’s banks are healthier, but the next stress point is already visible
Clipped from: https://www.business-standard.com/opinion/editorial/india-s-banks-are-healthier-but-the-next-stress-point-is-already-visible-125123001132_1.html While banking is stable and resilient, it needs to evolve and adjust to the changing dynamics of the Indian financial system Bank balance
*****Income tax reassessment reopened on consolidated bank entries u/s148A(1); notice quashed as fishing inquiry without information.
Income tax reassessment reopened on consolidated bank entries u/s148A(1); notice quashed as fishing inquiry without information. 10. Case-Laws – HC : Reopening under s.148A(1) was challenged
*****Bombay Hight Court Judgement –Section 75 of MCS Act-Disqualification of Managing Committee members– Must read
Hsg Society MC Disqualification–HC Bombay Judgement–Hon’ble Justice Amit Borkar Reading the entire judgement will add to our knowledge vis a vis management of Housing Society
*****CBIC Circular on GSTR-2A vs 3B ITC Difference Ignored by GST Dept: Karnataka HC sets aside orders [Read Order]
Clipped from: https://www.taxscan.in/top-stories/cbic-circular-on-gstr-2a-vs-3b-itc-difference-ignored-by-gst-dept-karnataka-hc-sets-aside-orders-1439928?TRN300=SekwjRcdsAuMKvsgUYkMcbgwAcJuwuMkvcGUykqhGJxMEdFSIMSBJiuRKMsAsx&LKD333=3307226 ITC cannot be disallowed merely on the basis of GSTR-2A and GSTR-3B differences without following the CBIC-mandated procedure. The Karnataka High Court has
*****Wife Sells Two Gifted Flats for ₹6 Crore and Pays No Income Tax: Here’s How
Clipped from: https://www.taxscan.in/top-stories/wife-sells-two-gifted-flats-for-6-crore-and-pays-no-income-tax-heres-how-1428872?TRN300=SekwjRcdsAuMKvsgUYkMcbgwAcJuwuMkvcGUykqhGJxMEdFSIMSBJiuRKMsAsx&LKD333=3307244 A Mumbai woman sells two gifted flats for Rs. 6 crore, reinvests the proceeds in another home, and legally avoids paying any tax
*****Tribunal reversing order of CIT(A) without demonstrating any perversity is not justifiable
lipped from: https://taxguru.in/income-tax/tribunal-reversing-order-cita-demonstrating-perversity-justifiable.html Rajnandani Projects Pvt. Ltd. Vs PCIT (Patna High Court) Patna High Court held that ITAT was not justified in reversing the order of
*****Assessment u/s. 143(3) quashed as being in violation of provisions of section 144B
Clipped from: https://taxguru.in/income-tax/assessment-u-s-1433-quashed-violation-provisions-section-144b.html Optical Health Solutions Private Limited Vs Union of India (Telangana High Court) Telangana High Court held that initiation of proceedings under section 143(3)
*****Lady sells property for Rs 94 lakh, gets Rs 38 lakh in cash; files no ITR, gets tax notice for unexplained income, wins case in ITAT Mumbai – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-sells-property-for-rs-94-lakh-gets-rs-38-lakh-in-cash-files-no-itr-gets-tax-notice-for-unexplained-income-wins-case-in-itat-mumbai/articleshow/126215490.cms On November 14, 2025, the Income Tax Appellate Tribunal (ITAT) Mumbai ruled that that if a registered sale deed, which serves as a primary legal
Wrong E-Way Bill Destination is Major Violation, Not Clerical Error: MP HC
Clipped from: https://taxguru.in/goods-and-service-tax/wrong-e-way-bill-destination-treated-major-violation-clerical-error-mp-hc.html Amara Raja Batteries Limited Vs State of Madhya Pradesh (Madhya Pradesh High Court) The Madhya Pradesh High Court dismissed the writ petition filed under Article
*****New Zealand-India FTA: No built in grace period for NZ to meet its $20 billion investment commitment – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/new-zealand-india-fta-no-built-in-grace-period-for-nz-to-meet-its-20-billion-investment-commitment/article70446741.ece Joint committee with representatives from both countries, a DPIIT committee to keep track of investment flow, say official sources The India-New Zealand FTA
*****Visa woes – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/visa-woes/article70446582.ece H-1B squeeze will hurt students, professionals hard The US is tigetining the screws on hiring of foreign professional | Photo Credit: subodhsathe The
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
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
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
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