Clipped from: https://www.business-standard.com/economy/analysis/bad-economics-is-corrupting-politics-undermining-good-governance-in-india-125011900471_1.html Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets Arun Maira is former member,
Category: Seven Star
*******ITAT Restores Ex Parte Assessment Order U/s.144 Due to Assessee’s Old Age
Clipped from: https://taxguru.in/income-tax/itat-restores-parte-assessment-order-section-144-due-assessees-age.html Vinod Kumar Garg Vs ITO (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi addressed the appeal filed by Vinod Kumar Garg concerning the
*******S.159 applies when reassessment notice was issued during lifetime of deceased assessee
Clipped from: https://taxguru.in/income-tax/s-159-applies-reassessment-notice-issued-lifetime-deceased-assessee.html Late Sh. Lal Chand Verma Vs Union of India & Anr. (Delhi High Court) Conclusion: Sine qua non for acquiring jurisdiction to reopen an
आवश्यक*******Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
lipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
*******A macro tightrope walk: Balancing domestic slowdown, global challenges
Clipped from: https://www.business-standard.com/opinion/columns/a-macro-tightrope-walk-balancing-domestic-slowdown-global-challenges-125011601528_1.html The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global
*******Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action
Clipped from: https://www.business-standard.com/opinion/columns/misguided-rhetoric-on-rupee-clearing-doubts-on-depreciation-rbi-action-125011601556_1.html Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value
*******Beyond compliance: DPDP demands proactive cybersecurity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/beyond-compliance-dpdp-demands-proactive-cybersecurity/article69104410.ece DPDP: Act now. Protect data. Avoid penalties. This new regulatory landscape also presents businesses with an opportunity to elevate data protection efforts and
आवश्यक*******Beyond compliance: DPDP demands proactive cybersecurity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/beyond-compliance-dpdp-demands-proactive-cybersecurity/article69104410.ece DPDP: Act now. Protect data. Avoid penalties. This new regulatory landscape also presents businesses with an opportunity to elevate data protection efforts and
*******Securing credit data – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/securing-credit-data/article69104980.ece Tighter rules on data sharing by credit bureaus were much-needed Credit Information Companies (CICs), which assign credit scores to retail borrowers, play a vital
*******Non-Response To Notices: ITAT Reduces Penalty Citing Assessee’s Depression & Losses
Clipped from: https://taxguru.in/income-tax/non-response-notices-itat-reduces-penalty-citing-assessees-depression-losses.html Jayasakthi Knit Wear Vs ITO (ITAT Chennai) In the case of Jayasakthi Knit Wear Vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed
*******ITAT Remands Case for Fresh Adjudication After CIT(A) Denies Fair Hearing
Clipped from: https://taxguru.in/income-tax/itat-remands-case-fresh-adjudication-cita-denies-fair-hearing.html Kamlesh Babalal Shah Vs ACIT (ITAT Ahmedabad) In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the
*******Non-Receipt of Hearing Notices: ITAT Sets Aside Ex-Parte Order
Clipped from: https://taxguru.in/income-tax/non-receipt-hearing-notices-itat-sets-aside-ex-parte-order.html Dhaval Nalinbhai Patel Vs DCIT (ITAT Ahmedabad) In the case of Dhaval Nalinbhai Patel Vs. DCIT, the ITAT Chennai addressed an appeal concerning
*******No Income Tax on Cash Gift from Father & Father-in-Law: ITAT Delhi
Read more at: https://taxguru.in/income-tax/income-tax-cash-gift-father-father-in-law-itat-delhi.htmlCopyright © Taxguru.in The assessee, married in February 2011, claimed that the amount comprised gifts of ₹5,00,000 from his father and ₹5,80,000 from
*******10-Year Limit Applies Prospectively, Not Retroactively to Expired Six-Year Limit: Delhi HC
Clipped from: https://taxguru.in/income-tax/10-year-limit-applies-prospectively-retroactively-expired-six-year-limit-delhi-hc.html Sheetal International Private Limited Vs Chief Commissioner of Income Tax (Delhi High Court) In the case of Sheetal International Private Limited Vs Chief Commissioner
आवश्यक*******Government plans extensive consultations on draft DPDP Rules 2025: Ashwini Vaishnaw – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/government-plans-extensive-consultations-on-draft-dpdp-rules-2025-ashwini-vaishnaw/article69098921.ece This follows the initial meeting where feedback from various sectors, including technology and finance, was gathered. Union Minister Ashwini Vaishnaw on Tuesday said
आवश्यक*******DPDP rules need to be principle-based rather than prescriptive: Vaishnaw | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/dpdp-rules-need-to-be-principle-based-rather-than-prescriptive-vaishnaw-125011401285_1.html Over 200 participants, including key government officials from various ministries, industry leaders, legal experts, and policymakers, discussed the rules Vaishnaw stressed that the
*******अग्रलेख : फेकुचंदांचा फाल्गुनोत्सव!
Clipped from: https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-on-meta-x-shutting-down-fact-checkers-after-donald-trump-elected-as-us-president-zws-70-4821552/ अग्रलेख : फेकुचंदांचा फाल्गुनोत्सव! ..हे या दोन कंपन्या आणि अमेरिकी अध्यक्ष या दोघांबाबतही भाष्य करणारे आहे. ही अशी सत्यास तिलांजली देण्याची गरज या
*******Course correction – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/course-correction/article69085267.ece Decline in market turnover, a good sign Recent data on trading volumes in the equity cash and derivatives segment of the stock market
*******Amplifying misinformation: Meta’s decision will harm public interest | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/amplifying-misinformation-meta-s-decision-will-harm-public-interest-125010901365_1.html Fact checking was initiated after the 2016 US elections and the Brexit referendum, which were both influenced by rampant disinformation on Facebook The
*******Budgeting in the time of Trump: Balancing growth, jobs, and governance | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/budgeting-in-the-time-of-trump-balancing-growth-jobs-and-governance-125010901346_1.html The government must focus on improving governance and performance at PSUs and public sector banks (PSBs) Illustration: Binay Sinha Listen to This Article
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