Clipped from: https://www.taxscan.in/top-stories/20-pre-deposit-not-mandatory-for-grant-of-stay-us-2206-of-income-tax-act-delhi-hc-1441169?TRN300=CEbwzPSucAUqBVcxGGvMSKWWASJdGUMKEShgGVqxWjwMVUfsyMSbZydqBMCaSh&LKD333=3312340 The Delhi High Court held that payment of 20% of the disputed tax demand is not a mandatory condition for grant of stay
Category: Five Star
*****Now you can access Amazon’s Alexa Plus AI assistant on web: What’s new | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/now-you-can-access-amazon-s-alexa-plus-ai-assistant-on-web-what-s-new-tech-news-amazon-s-latest-news-126010600709_1.html Amazon expands Alexa Plus to the web, allowing users to manage tasks, control smart homes, plan meals and discover content directly from a
*****Why skipping breakfast may pose a bigger health risk than you realise – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/health/why-skipping-breakfast-may-pose-a-bigger-health-risk-than-you-realise/article70427446.ece Skipping breakfast may seem like a minor inconvenience, but over time, it could lead to a range of health consequences. Small, daily breakfast-related
*****December 31 ITR deadline over: Here’s the limited path to getting your tax refund – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/december-31-itr-deadline-over-heres-the-limited-path-to-getting-your-tax-refund-509528-2026-01-05 Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this
*****Tax Dept accuses lady of taking Rs 3 crore cash in property deal; ITAT Mumbai disregards WhatsApp chat evidence, says no proof, no tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-dept-accuses-lady-of-taking-rs-3-crore-cash-in-property-deal-itat-mumbai-disregards-whatsapp-chat-evidence-says-no-proof-no-tax/articleshow/126345037.cms On October 27, 2025 Smt. Shah, a property owner from Pune, won her case at the Income Tax Appellate Tribunal (ITAT) in Mumbai. This victory came
*****Resigned or fired? Employees will now get full and final settlement money in just 2 days under new labour law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/resigned-or-fired-employees-will-now-get-full-and-final-settlement-money-in-just-2-days-under-new-labour-law/articleshow/125589897.cms With the new labour code in place, several small details that were either informal or handled differently by various companies have now been
*****Stamp duty vs deal value: Homebuyer gets relief as ITAT Mumbai rejects addition of Rs 18 lakh income by tax dept for property valuation gap – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/stamp-duty-vs-deal-value-homebuyer-gets-relief-as-itat-mumbai-rejects-addition-of-rs-18-lakh-income-by-tax-dept-for-property-valuation-gap/articleshow/126264552.cms On December 16, 2025, the Income Tax Appellate Tribunal (ITAT) Mumbai granted relief to Mr. Naik from Bhandup, regarding an income addition made by the
*****Labour codes, social security expansion define govt’s 2025 reform push – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/labour-codes-social-security-expansion-define-govts-2025-reform-push/article70453398.ece The Ministry is also set to finalise a framework for extending social security to gig and platform workers in the coming year and
*****Deceptive sheen – The HinduBusinessLine
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:
*****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
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