HRA, capital gains, foreign assets: How tax nudges helped govt mop up over Rs 30,000 crore without raids HRA, capital gains, foreign assets: How tax
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Rs 7 crore held as unexplained cash credit; man fights and wins case in ITAT Mumbai as it rules loose papers, chats can’t be treated as evidence – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-7-crore-was-added-to-taxpayers-income-as-unexplained-cash-credit-he-wins-case-in-itat-mumbai-as-it-rules-loose-papers-chats-cant-be-treated-as-evidence/articleshow/127777451.cms Listen to this article in summarized format On October 28, 2025, The Income Tax Appellate Tribunal (ITAT) Mumbai provided relief to Mr. Nilawar from Pune
Rs 119 crore recovered from wrong HRA tax deduction claims, 25000 filed revised ITRs to declare Rs 1000 crore foreign income; Here’s how Nudge campaign works – The Economic Times
The Economic Survey for FY 2025-26 pointed out how data-driven behavioral interventions improved tax collection efficiency in India, resulting in an extra Rs 119 crore
Interim Relief Granted Against Reassessment Issued Without Considering Reply
Clipped from: https://taxguru.in/income-tax/interim-relief-granted-reassessment-issued-reply.html IVL Dhunseri Petrochem Industries Private Limited Vs Union of India & Ors. (Calcutta High Court) The Calcutta High Court examined a writ petition
ITAT Quashes 50C Addition Citing Valuation Typo and Higher Consideration
Clipped from: https://taxguru.in/income-tax/itat-quashes-50c-addition-citing-valuation-typo-higher-consideration.html Rupal Nirav Shah Vs DCIT (ITAT Surat) The appeal before the Income Tax Appellate Tribunal, Surat Bench concerned an addition made under section 50C of
Reassessment Quashed as No Addition Made on Original Reopening Issue
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-addition-original-reopening-issue.html Shyama Shyam Infradevelopers Pvt Ltd Vs ITO (ITAT Agra) The appeal before the Income Tax Appellate Tribunal, Agra Bench related to Assessment Year (AY) 2016–17
Section 153A Invoked for Wrong Year; Second Search Abates First – ITAT Quashes Search Assessment for AY 2020-21
Clipped from: https://taxguru.in/income-tax/153a-invoked-wrong-year-search-abates-first-itat-quashes-search-assessment-ay-2020-21.html Amolak Singh Bhatia Vs DCIT (ITAT Delhi) The Delhi Bench ‘E’ of the ITAT quashed the assessment framed under section 153A for AY 2020-21, holding that
Labour Codes to promote gender parity, workforce formalisation: Eco Survey https://mybs.in/2g3D3m7 Download the BS App https://mybs.in/apps for more insights.
?Granddaughter can’t reopen settled family property deal, rules HC; no legal right after mother sold property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/real-estate/granddaughter-cant-reopen-settled-family-property-deal-rules-hc-no-legal-right-after-mother-sold-property/articleshow/126820235.cms On January 5, 2026 the Bombay High Court observed that a grand-daughter cannot claim rights in a property once her mother and aunt, both legal heirs, have
The ‘Mother of all deals’ signed: A new dawn for the India-EU partnership | Economy & Policy Analysis – Business Standard
Clipped from: https://www.business-standard.com/economy/analysis/the-mother-of-all-deals-signed-a-new-dawn-for-the-india-eu-partnership-126012801163_1.html This agreement signifies the commitment of the two largest democracies as champions of open trade amid a rising tide of global protectionism Deep
Data privacy, security gain importance as AI adoption accelerates | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/data-privacy-security-gain-importance-as-ai-adoption-accelerates-126012801296_1.html As artificial intelligence becomes widespread and India implements the DPDP Act, enterprises are being forced to rethink data privacy, governance, and cybersecurity strategies
IBC transformed insolvency landscape, but challenges remain: DFS secretary | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/dfs-secretary-ibc-a-game-changer-transformed-insolvency-landscape-126012801090_1.html To facilitate an expeditious resolution process under IBC and to ensure proper implementation of IBC, six amendments have been carried out in the
Fed leaves rates unchanged, signals cautious outlook as US economy improves | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/fed-leaves-rates-unchanged-sees-elevated-inflation-stabilising-job-mkt-126012900037_1.html The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75% Credit: Bloomberg Listen
Repeating an old Indian mistake – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/repeating-an-old-indian-mistake/article70287814.ece The West is capping immigration just as India capped capital flows Immigration: Challenges from within and without | Photo Credit: anyaberkut The West,
A big deal: The India-EU partnership will open up new opportunities | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/a-big-deal-the-india-eu-partnership-will-open-up-new-opportunities-126012701488_1.html India and EU seal historic free trade deal, opening vast markets and cooperation avenues while urging India to boost competitiveness and reforms New
Banks’ liquidity coverage ratio dips on slow deposits, high funding needs – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/banks-liquidity-coverage-ratio-dips-on-slow-deposits-high-funding-needs/4119040/ Major Indian banks, including HDFC and Union Bank, have strategically reduced their Liquidity Coverage Ratio (LCR) in the December 2025 quarter. Most banks
RBI nudges banks towards direct priority sector lending – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance-rbi-nudges-banks-towards-direct-priority-sector-lending-4120026/ Public sector banks accounted for 42.4% of ANBC in PSL, contributing 36% of the overall PSL pool, while private sector banks reported higher
‘For MSMEs, data is what keeps cash flows moving’: Tejas Goenka, Managing Director, Tally Solutions – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/for-msmes-data-is-what-keeps-cash-flows-moving-tejas-goenka-managing-director-tally-solutions/4119200/ In an exclusive interaction, Tejas Goenka, MD of Tally Solutions, breaks down how the new TallyPrime 7.0 is solving MSME fragmentation. Tejas Goenka,
E-commerce promise for a Viksit Bharat – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/e-commerce-promise-for-a-viksit-bharat/4117675/ The goal should not be regulation of the sector for its own sake, but a framework that fuels growth and fairness equally E-commerce
Insolvency tribunals can’t decide disputed ownership issues, says SC | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/insolvency-tribunals-can-t-decide-disputed-ownership-issues-says-sc-126012201474_1.html SC rules insolvency tribunals cannot decide contested trademark ownership; parties must pursue IP rights in civil or commercial courts Allowing GCL’s appeal on