Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-ombudsman-authorised-to-clear-compensation-up-to-30-lakh/article70515676.ece The Reserve Bank will establish the Centralised Receipt and Processing Centre at one or more places to receive the complaints filed under the
*****Capital gains tax – Selling assets in 2026? How to keep more of your gains and less for the taxman – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/selling-assets-in-2026-how-to-keep-more-of-your-gains-and-less-for-the-taxman-capital-gains-tax-511277-2026-01-16 Capital gains arise when the selling price of an asset exceeds its acquisition cost after adjusting for transfer expenses. While such gains are
*Lady signs POA with land owner, builds flats on land and sells, claims Rs 13 crore tax deduction, I-T dept sends notice; She fights back and wins in HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-signs-poa-with-land-owner-builds-flats-on-land-and-sells-claims-rs-13-crore-tax-deduction-i-t-dept-sends-notice-she-fights-back-and-wins-in-hc/articleshow/126544402.cms On December 1, 2025, the Madras High Court upheld ITAT Chennai’s order, stating that a taxpayer can claim deduction under Section 80-IB without needing to own
*******Reopening Invalid When Search Material Triggers Section 153C
Clipped from: https://taxguru.in/income-tax/reopening-invalid-search-material-triggers-section-153c.html ITO Vs Sagar Construction Company BA Gateway (ITAT Pune) Search-Based Information Triggers Section 153C, Not Reopening u/s 147 — ITAT Pune Dismisses Revenue
*******Capital Gains Recomputed After Proving Gift-Funded Purchase Cost
Clipped from: https://taxguru.in/income-tax/capital-gains-recomputed-proving-gift-funded-purchase-cost.html Mohsin Himmati Vs ADIT (ITAT Hyderabad) Father’s Bank-Funded Payments Allowed as Cost of Acquisition — ITAT Hyderabad Grants Full LTCG Relief The Hyderabad
*******Reopening After 3 Years Invalid If Escapement Is Below ₹50 Lakh
Clipped from: https://taxguru.in/income-tax/reopening-3-years-invalid-escapement-rs-50-lakh.html Sanjay Champalal Jaiswal Vs ITO (ITAT Pune) Reopening Beyond Three Years Invalid Where Escapement Is Below ₹50 Lakh — ITAT Pune Quashes Reassessment
*******Reassessment Quashed for Issuance of Notice Outside Faceless Regime
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-issuance-notice-faceless-regime.html Thilak Babu Boppana Vs ITO (ITAT Hyderabad) Reassessment Quashed for Want of Faceless Jurisdiction — ITAT Hyderabad Applies Kankanala Ravindra Reddy The Hyderabad
*******Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside
Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside 8. Case-Laws – AT : Whether penalty under section
*******Rupee depreciation: Is RBI intervention deferring the inevitable? – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rupee-depreciation-is-rbi-intervention-deferring-the-inevitable/article70505255.ece To maintain currency stability, RBI interventions must be accompanied by a focus on domestic growth conditions, better fiscal management, controlling inflation volatility, and
*****Tax story – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-story/article70508776.ece India’s tax base is expanding, but remains skewed For a long time, policymakers have agonised over India’s narrow tax base and tax collections
*******The truth about ‘please’, ‘thank you’ and ChatGPT’s energy use – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/science/does-adding-please-and-thank-you-to-chatgpt-prompts-really-waste-energy/article70512115.ece Each AI query requires fresh computation, unlike traditional digital services, making usage directly linked to energy consumption. As AI adoption accelerates, its environmental
*******Budget 2026-27: The next five reforms India needs to boost growth | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/budget-2026-27-the-next-five-reforms-india-needs-to-boost-growth-126011501336_1.html They can help ensure that India remains on a high-growth trajectory over the next two decades For the first half of this year,
*******AI-based financial scams: Set a family code word for emergency requests
Clipped from: https://www.business-standard.com/finance/personal-finance/ai-based-financial-scams-set-a-family-code-word-for-emergency-requests-126011500832_1.html Pause and verify the caller’s identity independently before transferring funds AI is supercharging financial scams with speed, scale and personalisation, making fraud harder
*Banks’ credit-to-deposit ratio hits record 81.75% as mobilisation lags – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-credit-to-deposit-ratio-hits-record-81-75-as-mobilisation-lags/articleshow/126551281.cms Synopsis Indian banks’ credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan
Can’t escape screens? 7 simple tips to reduce your screen time as an adult | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/reduce-screen-time-adults-tips-eye-health-digital-habits-126011500708_1.html Long hours on phones and laptops can strain eyes and mind. Here are easy, doctor-approved strategies to reduce screen time and build healthier
*Disputing a wrong credit card charge? Experts say timing decides refunds | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/disputing-a-wrong-credit-card-charge-experts-say-timing-decides-refunds-126011500758_1.html Banks and card networks run on different clocks, and the earliest deadline often decides the outcome Credit Card(Photo: Shutterstock) Disputing a wrong credit
*******Sold Indian property for Rs 2 crore, TDS deducted but no ITR filed: Why Delhi HC denied tax relief to NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-indian-property-for-rs-2-crore-tds-deducted-but-no-itr-filed-why-delhi-hc-denied-tax-relief-to-canadian-citizen-of-indian-origin/articleshow/126539540.cms On December 23, 2025, the Delhi High Court turned down a plea from a senior citizen of Indian origin who was asking for
*No Hearing, No Merits: Income Tax Appellate Orders Quashed and Sent Back
Clipped from: https://taxguru.in/income-tax/hearing-merits-income-tax-appellate-orders-quashed.html Shaheed Bhagat Singh Polyethnic Vs DCIT (ITAT Chandigarh) The appeals before the Income Tax Appellate Tribunal, Chandigarh Bench concerned multiple assessment years and
*******Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
Clipped from: https://taxguru.in/income-tax/section-54-capital-gains-tax-exemption-constitutes-date-transfer.html This article forms Part II of a series on capital gains exemption under Section 54 of the Income-tax Act, 1961, and examines the
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