Clipped from: https://www.business-standard.com/finance/news/pursuing-zero-fraud-objective-necessary-to-maintain-public-trust-rbi-dg-126010901262_1.html Despite falling fraud rates in cards and UPI, India must pursue a zero-fraud goal to protect trust and expand digital payments, RBI Deputy
FinMin to review PSBs’ progress on unclaimed deposits on January 14
Clipped from: https://www.business-standard.com/finance/news/finmin-to-review-psbs-progress-on-unclaimed-deposits-on-january-14-126010900952_1.html “The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA
Microsoft Copilot adds checkout to rival ChatGPT, Perplexity shopping | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/microsoft-copilot-shopping-checkout-payment-feature-126010900435_1.html Microsoft is bringing direct shopping to Copilot, enabling in-chat payments. The feature is currently rolling out on Copilot web client in the US
*****RBI should hold rates as growth is strong, inflation remains low: PwC | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-should-hold-rates-as-growth-is-strong-inflation-remains-low-pwc-126010900612_1.html The Reserve Bank is unlikely to cut key policy rate in the next Monetary Policy Committee (MPC) meeting next month, said PwC Partner
*****Post DPDP, information collected by banks needs revisit: RBI official | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/post-dpdp-information-collected-by-banks-needs-revisit-rbi-official-126010901200_1.html Banks must reassess the amount of customer data they collect under the DPDP Rules, while continuing to innovate responsibly with AI, an RBI
*8 years delay in tax refund: Delhi HC raps Income Tax Department, warns of Rs 1 lakh personal cost on Deputy Commissioner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/8-years-delay-in-tax-refund-delhi-hc-raps-income-tax-department-warns-of-rs-1-lakh-personal-cost-on-deputy-commissioner/articleshow/126429593.cms On January 6, 2026, the Delhi High Court expressed shock at the Income Tax Department as a taxpayer, had to wait 8 years for getting their
*अनिल अग्रवाल यांच्या मुलाचा कार्डिअॅक अरेस्टमुळे मृत्यू; हार्ट अटॅक आणि कार्डिअॅक अरेस्टमध्ये फरक काय?
https://www.loksatta.com/explained/vedanta-agnivesh-agarwal-death-at-49-post-trauma-cardiac-arrest-causes-svs-89-5625956/ Shared by Loksatta android app click here to download https://loksatta.page.link/LS_app
*****Employer deducted TDS but didn’t deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demand – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/employer-deducted-tds-but-didnt-deposit-it-itat-kolkata-saves-employee-from-rs-14-lakh-tax-demand/articleshow/125883350.cms On November 24, 2025, the Income Tax Appellate Tribunal (ITAT) in Kolkata provided relief to an employee who received a tax demand notice because his employer deducted
*****Man sells Delhi property, shifts to Australia; tax dept adds Rs 40 lakh as unexplained cash credit, but he wins in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/man-sells-delhi-property-shifts-to-australia-tax-dept-adds-rs-40-lakh-as-unexplained-cash-credit-but-he-wins-in-itat-delhi/articleshow/125710590.cms Income Tax Appellate Tribunal (ITAT), Delhi, ruled that taxpayers can claim Section 54 capital gains tax exemption on the sale of an Indian residential property
*******UAE based taxpayer earned Rs 4 crore income in India on which TDS was deducted but didn’t file ITR, got tax notice; wins case in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/uae-based-taxpayer-earned-rs-4-crore-income-in-india-on-which-tds-was-deducted-but-didnt-file-itr-got-tax-notice-wins-case-in-itat-delhi/articleshow/125819040.cms On November 19, 2025, the Income Tax Appellate Tribunal ruled that if a non-resident taxpayers’ total income from India consists solely of dividends, interest, etc
*Claimed Property Gift by Father-in-Law Mistakenly Registered as Sale: ITAT Remands Capital Gain Addition u/s 50C for Fresh Examination [Read Order]
Clipped from: https://www.taxscan.in/top-stories/claimed-property-gift-by-father-in-law-mistakenly-registered-as-sale-itat-remands-capital-gain-addition-us-50c-for-fresh-examination-1441627?TRN300=CEbWZlCuCAdqkvUkeikMSBggAsZuGUMKeUbVIbPXgzHMEUfSiMcKJyuPkMCAsH&LKD333=3327360 The Tribunal observed that issue could not be decided without proper examination of all relevant documents and supporting evidence The Bangalore Bench of the
*Business Setback and Accountant’s Lapse in Filing Returns is Bona Fide Cause: Madras HC Directs GSTN to Enable Filing of Returns [Read Order]
Clipped from: https://www.taxscan.in/top-stories/business-setback-and-accountants-lapse-in-filing-returns-is-bona-fide-cause-madras-hc-directs-gstn-to-enable-filing-of-returns-1441624?TRN300=CEbWZlCuCAdqkvUkeikMSBggAsZuGUMKeUbVIbPXgzHMEUfSiMcKJyuPkMCAsH&LKD333=3327377 The Court said that all pending returns be filed within four weeks of restoration along with payment of tax, interest and late fees,
*Arbitration begins with notice, not court filing, says Supreme Court | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/arbitration-begins-with-notice-not-court-filing-says-supreme-court-126010801114_1.html Emphasising the settled position of law, the court observed that the start of arbitral proceedings is a statutory event and does not depend
Section 29A and the cost of treating business failure as misconduct
Clipped from: https://www.business-standard.com/opinion/columns/section-29a-and-the-cost-of-treating-business-failure-as-misconduct-126010701269_1.html The IBC must not conflate business failure with malfeasance, or an unfortunate entrepreneur with a fraudulent one Section 29A once saved India’s insolvency
*OpenAI launches ‘ChatGPT Health’ with Apple Health integration: What is it | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/openai-launched-chatgpt-health-apple-integration-how-to-use-126010800300_1.html OpenAI has rolled out ChatGPT Health, a new health-focused space within ChatGPT that lets users connect medical records and wellness apps, with added
*******OpenAI launches ChatGPT Health, but it won’t diagnose or treat you | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/openai-launches-chatgpt-health-but-it-wont-diagnose-or-treat-you-126010800587_1.html ChatGPT Health introduces a dedicated space for health queries, allowing users to link medical records and fitness apps, even as OpenAI warns it
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