Clipped from: https://taxguru.in/income-tax/return-filing-mistake-rectified-143-1-intimation-served.html Krishnaping Alloys Ltd. Vs ACIT (ITAT Mumbai) Rectification for Return-Filing Mistake Revived; Mere Dispatch Entry Not Proof of 143(1) Service The assessee’s return
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Editorial. Growth strategy – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/growth-strategy/article70566234.ece Survey cites global risks to robust economy Chief Economic Adviser, Dr. V. Anantha Nageswaran, during a press conference after tabling of Economic Survey
Editorial. Golden lessons – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/golden-lessons/article70569835.ece Sovereign gold bonds offer some policy lessons The skyrocketing gold prices have added to the government’s fiscal stress | Photo Credit: brightstars As
India holds the line while others slip in fiscal prudence – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/india-holds-the-line-while-others-slip-in-fiscal-prudence/article70575170.ece Lower deficits and stable yields leave India better positioned compared to major economies Starting from FY27, India will pivot to the debt-to-GDP ratio
Why is it so hard to replace the US dollar? | Trump | US Economy | Fed | Rupee vs Dollar | Brics
lipped from: https://www.business-standard.com/video-gallery/general/why-is-it-so-hard-to-replace-the-us-dollar-trump-us-economy-fed-rupee-vs-dollar-brics-177629.htm With BRICS intensifying efforts to build an alternative global financial system and US President Donald Trump threatening tariffs in response, talk of de-dollarisation
Does remarriage change family pension rights? Delhi High Court clears rules | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/does-remarriage-change-family-pension-rights-delhi-high-court-clears-rules-126013000933_1.html Remarriage does not end a widow’s entitlement, says court in interpretation of Central Civil Services (Pension) Rules Delhi High Court family pension Listen
FY27 growth forecast not contingent on US trade deal, says CEA Nageswaran | Economy Interviews – Business Standard
Clipped from: https://www.business-standard.com/economy/interviews/fy27-growth-forecast-not-contingent-on-us-trade-deal-says-cea-nageswaran-126013001237_1.html CEA V Anantha Nageswaran says industry cannot be protected forever, backs reforms for sustained 7% growth, and stresses innovation and exports as key
Fiscally prudent Budget to persist on reforms’ course – Business News | The Financial Express
lipped from: https://www.financialexpress.com/business/news/fiscally-prudent-budget-to-persist-on-reforms-course/4126092/ Customs rejig, continued focus on job creation likely Union Budget FY27: Nirmala Sitharaman Set to Balance Fiscal Prudence with a New ‘Debt-GDP’ Anchor
Your income tax queries: Private sector employees need to pay tax on leave encashment – Money News | The Financial Express
However, in the case of a non-government employee, leave encashment received at the time of retirement is taxable, subject to an exemption which is limited
Builder skipped mandatory RERA insurance? Why homebuyers face big risks and what to do now – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/builder-skipped-mandatory-rera-insurance-why-homebuyers-face-big-risks-and-what-to-do-now/articleshow/127600372.cms Listen to this article in summarized format Recently, a group of homebuyers had to turn to the Karnataka RERA tribunal to obtain the insurance papers
Fruit dealer earns Rs 92 lakh in a year; files no ITR; gets tax notice for unexplained cash credit; he fights back and wins case in ITAT Bangalore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/fruit-dealer-earns-rs-92-lakh-in-a-year-files-no-itr-gets-tax-notice-for-unexplained-cash-credit-he-fights-back-and-wins-case-in-itat-bangalore/articleshow/127792044.cms Listen to this article in summarized format On November 24, 2025, the ITAT Bangalore ruled that simply claiming unexplained cash credit without any supporting evidence
Validity of reassessment reopening based on affidavit and documentary material upheld; cross-examination denial ordered to be permitted.
Case-Laws – AT : Reopening of assessment was valid where specific information and documentary material, including affidavits and tally entries naming lenders, connected to the AOs
Limitation for passing final assessment order under section 144C read with section 153: orders beyond time barred and quashed
Case-Laws – AT : Interplay between section 144C and section 153 requires determination of limitation for passing final assessment orders by reference to both provisions construed
Deduction under sections 54B and 54F on sale of flats; appellate additional claim allowed, AO directed to recompute capital gains
Case-Laws – AT : Disallowance of deduction under sections 54B and 54F was examined; tribunal concluded the assessee is not entitled to either deduction and capital
Reopening of assessment and taxability of unaccounted on-money receipts; limitation barred reopening and profit element was estimated post-disclosure.
Case-Laws – AT : Validity of reopening was examined with emphasis on limitation and newly inserted procedural safeguards; since the notice was time-barred the reopening was
Unsecured loan additions under section 68 upheld where assessee proved lender identity and creditworthiness; addition deleted on facts
Case-Laws – AT : Addition under section 68 concerning unsecured loans addressed the onus of proof regarding lender identity, creditworthiness and genuineness of transactions; the taxpayer
GST First Appeal – Practical Insights
Clipped from: https://taxguru.in/goods-and-service-tax/gst-first-appeal-practical-insights.html This article helps you to file the appeal with the Commissioner (Appeals), i.e. the Appellate Authority. Against the order passed in Form DRC-07,
Section 68 Additions Rejected as Loan Repayment and Cash Sales Explained
Clipped from: https://taxguru.in/income-tax/section-68-additions-rejected-loan-repayment-cash-sales-explained.html ITO Vs Shann Jewellers (ITAT Delhi) Loan Repayments Explained from Stock Sales and Fresh Borrowings; Demonetisation Cash Sales Accepted as Genuine The Assessing
H-1B hiring pause will cost US top doctors and specialists, experts warn | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/h-1b-hiring-pause-will-cost-us-top-doctors-and-specialists-experts-warn-126013000703_1.html The H-1B visa hiring pause until May 2027 has triggered concern among doctors and academics over staffing shortages and research disruption American doctors.
Got a phone call about unclaimed insurance money? How to deal with scam | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/got-a-phone-call-about-unclaimed-insurance-money-how-to-deal-with-scam-126013000711_1.html Experts warn against scammers impersonating companies and industry regulator to trick policyholders into paying fake processing fees Scam(Photo: shutterstock) Listen to This Article