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
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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
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
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
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
Single GST SCN for Multiple Years Wrongly Aggregates Different Tax Periods with Different Due Dates & Limitations: Bombay HC Quashes Notice [Read Order]
Clipped from: https://www.taxscan.in/top-stories/single-gst-scn-for-multiple-years-wrongly-aggregates-different-tax-periods-with-different-due-dates-limitations-bombay-hc-quashes-notice-1442202?TRN300=cVKGJqCuSADlKEeaEaxMcBggaCJUguMbVVAeAhPXgzxMEUfsiMCbZyuMbMCAsh&LKD333=3364712 The High Court noted that each financial year constitutes a distinct tax period, and a consolidated notice for multiple years violates the statutory
‘Bunching’ of GST notices across Multiple FYs Not Permissible: Madras HC; Holds Section 74A applicable from FY 2024-25 [Read Order]
Clipped from: https://www.taxscan.in/top-stories/bunching-of-gst-notices-across-multiple-fys-not-permissible-madras-hc-holds-section-74a-applicable-from-fy-2024-25-1442199?TRN300=cVKGJqCuSADlKEeaEaxMcBggaCJUguMbVVAeAhPXgzxMEUfsiMCbZyuMbMCAsh&LKD333=3364731 The GST department’s notice under Section 73 for FY 2024-25 and FY 2025-26 was without jurisdiction due to the statutory omission of Sections
Why Most GST SCNs Are Legally Weak: Common Drafting Errors with Case Laws
Clipped from: https://www.taxscan.in/top-stories/why-most-gst-scns-are-legally-weak-common-drafting-errors-with-case-laws-1442198?TRN300=cVKGJqCuSADlKEeaEaxMcBggaCJUguMbVVAeAhPXgzxMEUfsiMCbZyuMbMCAsh&LKD333=3364740 Most GST Show Cause Notices fail because they lack proper allegations, evidence, computation, and adherence to natural justice, making them legally unsustainable. A Show
IT’s a new normal – The HinduBusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-its-a-new-normal/article70529148.ece Even if the worst is over, IT sector needs to shape up The combined market cap of the big four tech companies as
*******Co-borrowers must be co-owners and contribute to EMIs to claim tax benefits | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/co-borrowers-must-be-co-owners-and-contribute-to-emis-to-claim-tax-benefits-126012000617_1.html The deduction claimed must be in proportion to their ownership share and actual EMI contribution Deduction on interest can be claimed only from
The human ‘factor’ – Opinion News | The Financial Express
lipped from: https://www.financialexpress.com/opinion/the-human-factor-2/4113899/ Health and education schemes must et more funds and better design Why Factor Reforms Need a Human Development Engine Reforms in factor markets—covering