Clipped from: https://www.financialexpress.com/market/stock-insights/indusind-bank-cracks-deposits-amp-profits-plungecan-rajiv-anand-fix-it/4121291/?ref=just_in A slow road to recovery for IndusInd Bank in the December 2025 quarter – pressure on NIM, fall in advances and deposits, and
*******Cash Deposits Explained in Books, Addition Deleted Without Rejection
Clipped from: https://taxguru.in/income-tax/cash-deposits-explained-books-addition-deleted-rejection.html Priya Enterprise Vs ITO (ITAT Surat) Cash Deposits and Sundry Creditors Explained in Books – Additions Deleted in Absence of Rejection of Accounts
*******Reassessment Quashed for Sanction by Incompetent Authority
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-sanction-incompetent-authority.html Suresh Kumar Giddaluru Vs Jurisdictional Assessing Officer (ITAT Surat) Reassessment Quashed for Invalid Sanction: Approval by PCIT Instead of Competent Authority Renders Notice
*******Lal Dora Property Valuation Under Section 50C Clarified
Clipped from: https://taxguru.in/income-tax/lal-dora-property-valuation-section-50c-clarified.html ACIT Vs Guptajee & Company (ITAT Delhi) ITAT Delhi: Lal Dora Property to Be Valued as Agricultural/Residential for Section 50C – Commercial Use
*Fault Lies with Auditor, Not Assessee or GST Dept: Madras HC Quashes Ex Parte Order Passed for Non-Reply [Read Order]
Clipped from: https://www.taxscan.in/top-stories/fault-lies-with-auditor-not-assessee-or-gst-dept-madras-hc-quashes-ex-parte-order-passed-for-non-reply-1431368?TRN300=cEKGZnCUsAUqKvvkWAEMsBGGASzuwDMkevbWaEMhZYAMvDFcyMSKjyDnKMcAXK&LKD333=3372422 The court viewed that the fault is neither on the side of the petitioner nor on the part of the respondent and actually,
*******Email Change Ignored by Department: Calcutta HC Sets Aside S.148A Reassessment Notice [Read Order]
Clipped from: https://www.taxscan.in/top-stories/email-change-ignored-by-department-calcutta-hc-sets-aside-s148a-reassessment-notice-1442253?TRN300=cEKGZnCUsAUqKvvkWAEMsBGGASzuwDMkevbWaEMhZYAMvDFcyMSKjyDnKMcAXK&LKD333=3372397 The Court observed that failure to serve notice on the assessee’s updated email ID violated principles of natural justice The Calcutta High Court
*******Taxpayer cannot be Penalised for Mistake of Previous Tax Consultant: ITAT Grants Relief [Read Order}
Clipped from: https://www.taxscan.in/top-stories/taxpayer-cannot-be-penalised-for-mistake-of-previous-tax-consultant-itat-grants-relief-1442114?TRN300=cEKGZnCUsAUqKvvkWAEMsBGGASzuwDMkevbWaEMhZYAMvDFcyMSKjyDnKMcAXK&LKD333=3372386 When substantial justice and technical considerations are pitted against each other, the cause of substantial justice deserves to be preferred for the other
*Budget 2026-27: Officials behind Nirmala Sitharaman’s ninth Union Budget – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/budget/whos-who-in-the-finance-ministry-team-preparing-budget-2026-27/article70552483.ece Finance Minister Nirmala Sitharaman is finalising Budget 2026-27 with support from a seasoned team of senior Finance Ministry officials. Economic Affairs Secretary Anuradha
*******India’s exports dream likely to run into the hard wall of realities
Clipped from: https://www.business-standard.com/opinion/columns/india-s-exports-dream-likely-to-run-into-the-hard-wall-of-realities-126012500772_1.html Tripling India’s exports by 2035 needs tiger-like performance, open markets and ruthless reform-conditions history suggests India does not yet have The Indian government
*******What the Budget must present in a tough global and job environment | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/what-the-budget-must-present-in-a-tough-global-and-job-environment-126012600890_1.html As the Union Budget nears, the focus must shift to debt, deficits, and borrowing from household savings, and how these choices affect private
*****How a ‘kill switch’ can put a stop to digital arrest scams – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/explainernbsphow-a-kill-switch-can-put-a-stop-to-digital-arrest-scams/4117547/ The Indian government is exploring a mandatory “Kill Switch” for banking and UPI apps to stop real-time financial fraud, including “digital arrests. Government
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
*Notepad on Windows 11 PCs are getting Copilot-powered AI features: Report | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/windows-11-pcs-notepad-copilot-powered-ai-features-126012600390_1.html Microsoft is reportedly expanding Notepad on Windows 11 with Copilot-powered text streaming and richer Markdown support, extending features previously limited to Copilot+ PCs
*Direct tax refunds fall 17%, as tax revenues falter – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/direct-tax-refunds-fall-17-as-tax-revenues-falter-4118985/ Income tax refunds have contracted by 16.9% as of January 2026, with the government issuing ₹3.11 lakh crore compared to ₹3.75 lakh crore
*******Portal Notice Alone Not Enough: GST Assessment Sent Back for Fresh Decision
The respondent acknowledged that notices had been uploaded on the GST portal and fairly admitted that no personal hearing was provided prior to passing the
*Credit-Deposit growth mismatch effect: Banks’ cost of raising funds via CDs goes up – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-deposit-growth-mismatch-effect-banks-cost-of-raising-funds-via-cds-goes-up/article70549446.ece The average interest rate on CD issuances of 2-3 months tenor has hardened from 6.00-6.10% in the last one month to 6.50-7.00% now
*Law without compassion is tyranny, compassion without law chaos: CJI | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/law-without-compassion-is-tyranny-compassion-without-law-chaos-cji-126012500249_1.html Chief Justice of India Surya Kant underscored the need for a humane yet firm approach to drug abuse, calling it a social and
*******Bolster dispute platform, skip ombudsman creation for effective resolution
Clipped from: https://www.business-standard.com/opinion/columns/bolster-dispute-platform-skip-ombudsman-creation-for-effective-resolution-126012500688_1.html Smart ODR works well for resolving individual disputes. What is required is the routine publication of anonymised orders so that the same disputes
‘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,
aniltikotekar4sme.com 