Clipped from: https://taxguru.in/income-tax/gstat-appeal-filing-explained-due-mandatory-statement-facts-limit.html Statutory Framework for Filing Appeals before GSTAT As per Rule 110(1) of the Central Goods and Services Tax Rules, 2017 , an appeal to the
Category: Seven Star
*******Non-effective portal notices, without a fair hearing or opportunity to reply, violate principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/non-effective-portal-notices-fair-hearing-opportunity-reply-violate-principles-natural-justice.html Kurlon Retail Limited Vs Sales Tax Officer & Ors. (Delhi High Court) The Delhi High Court held that GST adjudication based on notices
*******Joint home loans can help families save tax – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/joint-home-loans-can-help-families-save-tax/article70445833.ece A joint home loan availed by two or more close family members, such as spouse, siblings, parents or children, enhances loan affordability. It
*******New labour codes I Companies need to account for cost implications from December quarter: ICAI – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/new-labour-codes-i-companies-need-to-account-for-cost-implications-from-december-quarter-icai/4090644/ The new codes have reduced the work threshold for paid annual leaves from 240 days to 180 days, making them accessible sooner. New
*******Financial Infidelity: The new secret habit driving Indian couples to divorce – Money Insights News | The Financial Express
Clipped from: https://www.financialexpress.com/money/insights/financial-infidelity-the-new-secret-habit-driving-indian-couples-to-divorce/4090863/ The new age married couple is worried about a new kind of infidelity. No, it is not cheating on your partner with someone
*******Labour codes 2025: How 50% wage rule would alter salaries, tax outgo, retirement savings – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/labour-codes-2025-how-50-wage-rule-would-alter-salaries-tax-outgo-retirement-savings-508334-2025-12-27 At the core of the reform is a uniform definition of “wages”, limited to basic pay, dearness allowance and retaining allowance, which must
Income tax dept releases FAQs on tax deduction on donation under Section 80G – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-releases-faqs-on-tax-deduction-on-donation-under-section-section-80g/articleshow/126076074.cms Listen to this article in summarized format Taxpayers who donate to charitable organisations can claim tax deduction under Section 80G of the Income Tax
*******Gift gone wrong: How a tax exempt Rs 1.3 crore family gift turned into a Rs 70 lakh tax shock – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gift-gone-wrong-how-a-tax-exempt-rs-13-crore-family-gift-turned-into-a-rs-70-lakh-tax-shock-504677-2025-12-02 The Income Tax Department has clarified that monetary gifts received by individuals and HUFs are taxable under Section 56(2)(x) unless specifically exempt. Gifts
*******Karnataka HC Quashes Service Tax Orders for Failure to Consider Proper SCN Reply
Clipped from: https://taxguru.in/service-tax/karnataka-hc-quashes-service-tax-orders-failure-proper-scn-reply.html Shafiqahmed Dongarkhe Vs Principal Commissioner of Central Tax (Karnataka High Court) The petitioner approached the Karnataka High Court seeking quashing of three actions
*******Banking on a bargain: Sandesara settlement raises important questions
Clipped from: https://www.business-standard.com/opinion/editorial/banking-on-a-bargain-sandesara-settlement-raises-important-questions-125112701283_1.html The brothers, who had managed to abscond on the Albanian passport in 2017 and were running an oil and gas business in Nigeria,
*******How to check income tax refund status via PAN card? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-income-tax-refund-status-via-pan-card/articleshow/125539158.cms Listen to this article in summarized format For many taxpayers, Income Tax Return (ITR) refunds are taking longer than usual this year due
*******I am an NRI, is investing in MFs through NRO and NRE accounts the most tax-efficient way? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-an-nri-is-investing-in-mfs-through-nro-and-nre-accounts-the-most-tax-efficient-way/articleshow/125583899.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by
*******Service Tax Cannot Be Demanded Only for Mismatch in Income Tax-Service Tax Return
Clipped from: https://taxguru.in/service-tax/service-tax-demanded-mismatch-income-tax-service-tax-return.html Kirodiwal Associates Vs Commissioner (CESTAT Delhi) The appeal challenges Order-in-Appeal No. 172/2023-24 dated 05.10.2023, which upheld a service tax demand against the appellant.
*******Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-income-tax-addition-on-bogus-purchases-u-s-c-dismisses-slp-1438272?TRN300=svkWzPcuSAuMkeAfFGxMSBgwasjdwuMBEaffwXnHWjHMVUfCyMCKZiDnbMsacH&LKD333=3210092 The High Court held that the assessee failed to prove the genuineness and source of expenditure. The Supreme Court has upheld the Bombay
*******Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Clipped from: https://taxguru.in/income-tax/ex-parte-assessment-remanded-assessee-notice-communicated-consultant.html Balwinder Pal Singh Vs ITO (ITAT Chandigarh) The appeal concerns the assessee’s challenge to the order dated 06.03.2025 issued by the Commissioner of
*******Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
Clipped from: https://taxguru.in/income-tax/cash-deposit-linked-property-sale-itat-sends-matter-fresh-examination.html Ranjit Singh Vs ITO (ITAT Chandigarh) The assessee filed an appeal before the Income Tax Appellate Tribunal, Chandigarh, challenging the order of the
*******Paying sister’s EMI? Get deed registered for part-ownership – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-loan-queries-answered-paying-sisters-emi-get-deed-registered-for-part-ownership-4052059/ Get expert answers to critical personal finance questions, including the legalities of paying EMIs for a sibling’s home loan and transferring the property.
*******Your wrong tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/your-wrong-tax-refund-claim-can-raise-a-red-flag-leading-to-tax-notices-and-even-jail-in-case-of-under-reporting-of-income-heres-how-to-avoid-it/articleshow/125453570.cms Your tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it
*******Is it legal to transfer money to wife’s account to save taxes? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/is-it-legal-to-transfer-money-to-wifes-account-to-save-taxes/articleshow/125438086.cms Many taxpayers find various ways to save tax, but sometimes they follow unconventional ways, such as transferring the amount to another person’s account
*******30,000 brain scans show junk foods alter brain regions that regulate eating | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/30k-brain-scans-ultra-processed-foods-change-hunger-regulation-125111700574_1.html Using data from 30,000 adults, researchers say ultra-processed foods may alter key brain regions linked to hunger, reward and overeating, raising new questions
