Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87899 HC dismissed writ petitions challenging tax reassessment order. … April 30, 2025 Case Laws Income Tax HC HC dismissed
Category: Five Star
*****Assessment of Deceased Person Under Income Tax Act, 1961
lipped from: https://taxguru.in/income-tax/assessment-deceased-person-income-tax-act-1961.html Chartered Accountants, Advocates, or Tax Practitioners normally advise their clients to prepare a WILL and clarify which assets will be given to whom.
*****No More Nil TDS Certificates Under New Tax Bill 2025: Impact on Indians and NRIs Explained
Clipped from: https://www.taxscan.in/no-more-nil-tds-certificates-under-new-tax-bill-2025-impact-on-indians-and-nris-explained/510176/ The proposed Income Tax Bill 2025 has removes the option to obtain a Nil TDS certificate for all the taxpayers, including Indian residents
*****Income Tax Assessments Must Rely on Cogent Evidence, Not Assumptions: Delhi HC
Clipped from: https://taxguru.in/income-tax/income-tax-assessments-rely-cogent-evidence-assumptions-delhi-hc.html Rohit Gandhi Vs ITO (Delhi High Court) Delhi High Court held that the Income Tax Assessments must be based on cogent evidence rather
*****GST on apartment maintenance: A tax firm clears the air on ₹7,500 rule confusion – GST on apartment maintenance: A tax firm clears the air on ₹7,500 rule confusion BusinessToday
https://www.businesstoday.in/personal-finance/tax/story/gst-on-apartment-maintenance-a-tax-firm-clears-the-air-on-rs7500-rule-confusion-472415-2025-04-17 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-on-apartment-maintenance-a-tax-firm-clears-the-air-on-rs7500-rule-confusion-472415-2025-04-17 The biggest misconception? That if monthly maintenance exceeds ₹7,500 per flat, the entire amount is subject to 18% GST. This belief is
*****Did ICICI Bank outperform HDFC Bank in the March 2025 quarter? – Stock Insights News | The Financial Express
Clipped from: https://www.financialexpress.com/market/stock-insights/did-icici-bank-outperform-hdfc-bank-in-the-march-2025-quarter/3815067/?ref=stockinsights_hp ICICI Bank outperformed HDFC Bank in Q4 FY25 with higher profit growth, better NIM, and stronger credit growth. While both hit 52-week highs,
*****Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue
lipped from: https://taxguru.in/income-tax/revision-u-s-263-justified-assessment-order-erroneous-prejudicial-interest-revenue.html Chandrakant Vallabhbhai Koladia Vs PCIT (ITAT Ahmedabad) ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act not invocable
*****ITAT Delhi quashes reassessment order as Section 148 notice sent to wrong email ID
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashes-reassessment-order-section-148-notice-wrong-email-id.html Nitin Jain Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi, has allowed the appeal of Nitin Jain, quashing the reassessment order
*****Delhi HC Quashes Faceless Tax Assessment for Denying Personal Hearing
Clipped from: https://taxguru.in/income-tax/delhi-hc-quashes-faceless-tax-assessment-denying-personal-hearing.html Sanjay Aggarwal Vs National Faceless Assessment Centre (Delhi High Court) Delhi High Court has set aside an assessment order issued by the National
*****Section 37C of the Central Excise Act, 1944, —–delivery mode of show cause notices under Service Tax.
Section 37C of the Central Excise Act, 1944, indeed has relevance to the delivery mode of show cause notices under Service Tax. According to Section
*****AI regulations: The newest Cold War
lipped from: https://www.thehindubusinessline.com/opinion/ai-regulations-the-newest-cold-war/article69189043.ece The regulatory fragmentation is driven by the rise of techno-nationalism The AI Action Summit in Paris on February 10-11, where Prime Minister Narendra
*****CGST amendment on credit notes may raise compliance burden for suppliers
According to the experts, till the time invoice management system (IMS) — an automated system to track and verify invoices issued by businesses to help
*****Ibbi proposes coordinated insolvency resolution for interconnected entities | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/ibbi-proposes-coordinated-insolvency-resolution-for-interconnected-entities-125020501177_1.html Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present
*****Budget bets on tax cuts over capex-will it boost private investment? | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/budget-bets-on-tax-cuts-over-capex-will-it-boost-private-investment-125020501748_1.html An income-tax cut instead of a corporate tax cut in 2019 would have done more for the economy After a heavy focus on
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