Clipped from: https://www.businesstoday.in/technology/news/story/indias-dpdp-act-draft-rules-mandate-e-com-gaming-social-media-platforms-to-delete-personal-user-data-after-3-years-459591-2025-01-04?utm_source=topic&utm_medium=topic&utm_campaign=topic Digital Personal Data Protection Act draft rules outline strict guidelines for data retention and user privacy. Digital Personal Data Protection (DPDP) Act E-commerce
Category: Seven Star
आवश्यक*******Personal data of Indians shouldn’t leave country: Data Act draft rules – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/centre-releases-draft-rules-on-dpdp-act-for-public-consultation/article69058880.ece Centre on Friday has released the draft rules for the Digital Personal Data Protection (DPDP) Act, that specify that personal data of Indians
आवश्यक******* Draft DPDP rules mention parental consent for processing children’s data | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/draft-dpdp-rules-mention-parental-consent-for-processing-children-s-data-125010400040_1.html The parent may voluntarily make such details available using the services of a Digital Locker service provider- the report said Representative Photo: Shutterstock
*******Allowability of 50% of claimed indexed construction costs due to lack of sufficient evidence
lipped from: https://taxguru.in/income-tax/allowability-50-claimed-indexed-construction-costs-due-lack-sufficient-evidence.html Meena Gupta Vs ACIT (ITAT Delhi) Conclusion: Denial of the entire expenditure incurred towards as cost of construction by AO could not be held
आवश्यक *******Cutting policy rate, CRR: How much impact do they have? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cutting-policy-rate-crr-how-much-impact-do-they-have/article69058497.ece Impact of long term or short term interest rates on various segments of investment is not fully understood The monetary policy decision announced
👍👍👍👍👍👍👍NRI-Reassessment proceedings quashed as order passed u/s. 148A(d) was non-speaking: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-quashed-order-passed-u-s-148a-d-non-speaking-itat-delhi.html Reshma Kamal Abichandani Vs ACIT (ITAT Delhi) ITAT Delhi held that order passed u/s. 148A(d) is non-speaking since AO failed to provide adequate
👍👍👍👍👍👍👍Madras HC Issues Orders on Section 148 Notices and Faceless Assessment
Clipped from: https://taxguru.in/corporate-law/madras-hc-issues-orders-section-148-notices-faceless-assessment.html Mark Studio India Private Limited Vs ITO (Madras High Court) In a significant ruling, the Madras High Court addressed several procedural aspects of
👍👍👍👍👍👍👍Notices Only Uploaded on E-Filing Portal: ITAT Grants Assessee Another Opportunity to Represent Case
Clipped from: https://taxguru.in/income-tax/notices-uploaded-e-filing-portal-itat-grants-assessee-opportunity-represent-case.html Alampalli Seetharam Udaya Shankar Vs ITO (ITAT Bangalore) Assessee was not aware of the notices issued since the same were uploaded only on
👍👍👍👍👍👍👍HC invalidates Section 148 notice due to non-compliance with faceless assessment provisions
Clipped from: https://taxguru.in/income-tax/hc-invalidates-section-148-notice-due-non-compliance-faceless-assessment-provisions.html Shikhar Gadh Vs ITO (Punjab and Haryana High Court) In the case of Shikhar Gadh vs Income Tax Officer (Punjab and Haryana High Court), the
👍👍👍👍👍👍👍Cost Inflation Index for FY 2024-25: Index Table, Meaning, Calculation
Clipped from: https://cleartax.in/s/cost-inflation-index#what Prices of goods increase over time, resulting in a fall in the purchasing power (quantity of goods that one unit of money can
👍👍👍👍👍👍👍Shifting of Base Year from 1981 to 2001 for Capital Gains Tax Computation
lipped from: https://cleartax.in/s/capital-gains-calculation-base-year-shift Any person who is selling real estate, shares, or jewellery that is owned by him/her, needs to pay income tax on gains. Such
1-👍👍👍👍👍👍👍Kerala HC Sets Aside Section 148 Order & Notice, Directs Fresh Order After Considering Petitioner’s Reply & Hearing
Clipped from: https://taxguru.in/income-tax/kerala-hc-sets-section-148-order-notice-directs-fresh-order-petitioners-reply-hearing.html Fathima Abu Vs PCIT (Kerala High Court) In the case of Fathima Abu Vs PCIT, the Kerala High Court set aside the order passed
1-👍👍👍👍👍👍👍Assessee missed notices due to litigation at DRT: ITAT Remands case to CIT(A)
Clipped from: https://taxguru.in/income-tax/assessee-missed-notices-due-litigation-drt-itat-remands-case-cita.html Saiganapath Hotel Pvt. Ltd. Vs ITO (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT) Bangalore has remitted the appeal filed by Saiganapath Hotel
1-👍👍👍👍👍👍👍ITAT Grants Assessee One More Opportunity Despite Negligence in Responding
Clipped from: https://taxguru.in/income-tax/itat-grants-assessee-opportunity-negligence-responding.html Namtech Electronic Devices Ltd Vs ITO (ITAT Bangalore) In Namtech Electronic Devices Ltd Vs ITO (ITAT Bangalore), the Income Tax Appellate Tribunal (ITAT) addressed
👍👍👍👍👍👍👍Kerala HC Directs Reinstatement of Appeal, Grants Assessee One Week to Cure Defects
Clipped from: https://taxguru.in/income-tax/kerala-hc-directs-reinstatement-appeal-grants-assessee-week-cure-defects.html Arun Vijayan Pillai Vijai Vs Income Tax Officer Income Tax Department (Kerala High Court) In the case of Arun Vijayan Pillai Vijai Vs Income
👍👍👍👍👍👍👍Delhi HC: Income Tax Reassessment Must be on Concrete Evidence and No Speculation
Clipped from: https://www.taxscan.in/reassessment-under-income-tax-must-be-on-concrete-evidence-and-not-speculation-delhi-hc/471734/ In a recent judgment, the Delhi High Court struck down reassessment proceedings under Section 148 of the Income Tax Act, 1961 stating that
👍👍👍👍👍👍👍Capital Gain Exemption under section 54F on Investment in Multiple Units
https://taxguru.in/income-tax/capital-gain-exemption-section-54f-investment-multiple-units.html The Capital Gain Tax provisions under the Income Tax Act are not very comprehensive, often leaving taxpayers uncertain about their application. The lack of
👍👍👍👍👍👍👍Reasons disclosed to assessee for reassessment u/s. 148 cannot be improved subsequently: Delhi HC
https://taxguru.in/income-tax/reasons-disclosed-assessee-reassessment-u-s-148-improved-subsequently-delhi-hc.html Subhash Chander Dabas Vs ACIT (Delhi High Court) Delhi High Court held that validity of reassessment under section 148 of the Income Tax Act
1👍👍👍👍👍👍👍Application of Section 147 of Income Tax Act by AO having Tangible Material in Possession indicating Escapement of Income Chargeable to Tax is Valid: ITAT
lipped from: https://www.taxscan.in/application-of-section-147-of-income-tax-act-by-ao-having-tangible-material-in-possession-indicating-escapement-of-income-chargeable-to-tax-is-valid-itat/322680/ The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the application of Section 147 of the Income Tax Act 1961, by an
1👍👍👍👍👍👍👍No Assessment Order shall be passed u/s 153C of Income Tax Act when Seized documents did not establish any correlation with that Assessment Year :ITAT
Clipped from: https://www.taxscan.in/no-assessment-order-shall-be-passed-u-s-153c-of-income-tax-act-when-seized-documents-did-not-establish-any-correlation-with-that-assessment-year-itat/322122/ The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no assessment order should be passed under Section 153C of the Income Tax Act, 1961 when seized
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