*ITR portal update: Now see when tax officers review your submissions | Personal Finance – Business Standard

Clipped from: https://www.business-standard.com/finance/personal-finance/itr-portal-update-now-see-when-tax-officers-review-your-submissions-125101600896_1.html The Income Tax Department’s new feature brings transparency and accountability to faceless assessments, helping taxpayers track official action and reduce uncertainty. The Income Tax

*ITR portal update: Now view if and when an I-T official saw or reviewed your tax notice submissions, know how it benefits taxpayers – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-view-if-and-when-an-i-t-official-saw-or-reviewed-your-tax-notice-submissions-this-is-how-it-will-benefit-taxpayers/articleshow/124576092.cms The new feature also identifies delays and uses analytics to evaluate performance and improves efficiency in faceless assessments and appeals, says Bimal Jain,

*******Case of Afterthought Evidence in Income Tax Litigation and its Contemporary Relevance

lipped from: https://www.taxscan.in/top-stories/case-of-afterthought-evidence-in-income-tax-litigation-and-its-contemporary-relevance-1434684?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059338 Afterthought evidence refers to documents, affidavits, or pleas introduced late in the proceedings. In a recent development, the High Court of Kerala gave

Case of Afterthought Evidence in Income Tax Litigation and its Contemporary Relevance

Clipped from: https://www.taxscan.in/top-stories/case-of-afterthought-evidence-in-income-tax-litigation-and-its-contemporary-relevance-1434684?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059338 Afterthought evidence refers to documents, affidavits, or pleas introduced late in the proceedings. In a recent development, the High Court of Kerala gave

*****ITAT Allows Gifts from Sisters, Rules Tax Dept Can’t Reject Them Merely for ‘Lack of Scrutiny’ on Donors [Read Order]

Clipped from: https://www.taxscan.in/top-stories/itat-allows-gifts-from-sisters-rules-tax-dept-cant-reject-them-merely-for-lack-of-scrutiny-on-donors-1434589?transaction_id=cVbwJRcusAuRbuxAJwVMCbwgACzUgUMKuHAjWEnXwZGMEufciMSbzIUPKMCACX&link_id=3059331 The tribunal held that the assessee had satisfactorily discharged his initial burden by providing documents that established three crucial aspects: the identity of

Cash retains 50% share in India despite booming digital payments and UPI growth – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/money-and-banking/cash-still-king-in-india-accounts-for-50-of-payments-even-as-digital-transactions-soar/article70161485.ece  Digital payments dominate retail transactions at 99.8%, driven by policy support, fintech growth, and rising internet and smartphone penetration Despite the rapid surge

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