Clipped from: https://www.taxscan.in/top-stories/pre-consultative-process-under-central-excise-act-is-mandatory-except-in-cases-of-intention-to-evade-tax-madras-hc-1440722?TRN300=CvKWJPSdCaunKESFHizMSKGgASzDWdMKVcfhYJRxgZxMVufcyMskJiDPKMsAsh&LKD333=3303956 The department cannot unilaterally assume that pre-consultation is not necessary. Unless and until the fraud and intention to evade is not proven beyond
Creditworthiness of Creditor cannot be Denied merely due to Non-Filing of ITR: Patna HC deletes Addition u/s 68 [Read Order]
Clipped from: https://www.taxscan.in/top-stories/creditworthiness-of-creditor-cannot-be-denied-merely-due-to-non-filing-of-itr-patna-hc-deletes-addition-us-68-1440868?TRN300=CvKWJPSdCaunKESFHizMSKGgASzDWdMKVcfhYJRxgZxMVufcyMskJiDPKMsAsh&LKD333=3303914 Assessee cannot be compelled to explain the origin of funds in the hands of a third party unless the material on record justifies
The Great Reset: Will the Labour Codes improve ease of doing business? – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/cover-story/story/the-great-reset-will-the-labour-codes-improve-ease-of-doing-business-507917-2025-12-23 The Centre has finally notified the four Labour Codes, which are expected to reduce the compliance burden, improve ease of doing business and
CoC cannot modify resolution plan after approval: NCLAT – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/coc-cannot-alter-resolution-plan-after-approval-says-nclat/article70440744.ece Dismissing an appeal by Bank of Baroda in the Reliance Communications Infrastructure Ltd insolvency case, NCLAT held that while the CoC has commercial
Fiscal squeeze – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fiscal-squeeze/article70436786.ece Revenue growth is low but deficit targets may be met Tax revenues are likely to dip this fiscal | Photo Credit: Andrii Yalanskyi
Clinging to the H-1B lottery has finally caught up with Indian ITeS | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/clinging-to-the-h-1b-lottery-has-finally-caught-up-with-indian-ites-125122401250_1.html Indian ITeS should have moved away from the H-1B lottery The US is replacing the H-1B lottery with a wage-weighted system, favouring higher-paid
Deposit growth slips below 10% as credit rises 11.7%, gap at 200 bps | Finance News – Business Standard
lipped from: https://www.business-standard.com/finance/news/deposit-growth-slows-credit-picks-up-december-12-fortnight-125122600819_1.html RBI data show deposit growth lagging credit growth by 200 basis points, highlighting persistent deposit tightness even as lending demand remains strong Indian
Irdai imposes ₹1 cr penalty on Reliance General Insurance for norm breaches | Insurance News – Business Standard
Clipped from: https://www.business-standard.com/finance/insurance/irdai-imposes-rs-1-crore-penalty-on-reliance-general-insurance-125122600952_1.html Regulator said the insurer made payouts to entities and an individual agent in violation of norms, and asked it to place the order
Gold reserves, foreign currency assets push forex kitty by $4.4 bn | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/india-forex-reserves-rise-4-37-billion-693-billion-december-19-125122600854_1.html RBI data show gold reserves and foreign currency assets rose during the week, aided by a $5 billion USD/INR buy-sell swap and intervention
Small business credit exposure rises 16% to ₹46 trillion: CRIF-Sidbi report | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/small-business-credit-exposure-rises-16-per-cent-rs-46-trillion-crif-sidbi-125122600940_1.html Small business credit exposure rose 16.2 per cent to ₹46 trillion as of September 2025, though growth moderated from the previous quarter amid
8 months into FY26, states have spent only 38% of the budgeted capex | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/states-spent-38-3-per-cent-budgeted-capex-apr-nov-fy26-125122600908_1.html Sixteen of 21 states spent under half of their budgeted capex in the first eight months of FY26, while the Centre’s capex stood
Limited Scrutiny Overreach Quashes ₹90 Lakh Section 68 Addition
Clipped from: https://taxguru.in/income-tax/limited-scrutiny-overreach-quashes-rs-90-lakh-section-68-addition.html Swabhumi Vintrade Pvt. Ltd. Vs DCIT (ITAT Kolkata) AO Crossed the Red Line—Addition Beyond Limited Scrutiny Held Void – Limited Scrutiny Means Limited
Section 151(ii) Violation Invalidates Late Section 148 Notices
Clipped from: https://taxguru.in/income-tax/section-151-ii-violation-invalidates-late-section-148-notices.html Hisar Leading Bank Co-op Non-Agri Thrift & Credit Society Vs ITO (ITAT Delhi) CIT Sanction After 3 Years Is Fatal: Wrong Authority’s Approval
RBI’s new guidelines may slow expansion of urban cooperative banks
Clipped from: https://www.business-standard.com/finance/news/rbi-s-new-guidelines-may-slow-expansion-of-urban-cooperative-banks-125122600891_1.html Officials also said the new rules would raise compliance costs by over 20 per cent Officials also said the new rules would raise
Taxes in 2026: Paying rent to parents to claim HRA is legal; here’s how to save up to Rs 1.2 lakh – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/taxes-in-2026-paying-rent-to-parents-to-claim-hra-is-legal-heres-how-to-save-up-to-rs-12-lakh-508299-2025-12-26 HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as taxable income,
Labour codes 2025: How 50% wage rule would alter salaries, tax outgo, retirement savings – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/labour-codes-2025-how-50-wage-rule-would-alter-salaries-tax-outgo-retirement-savings-508334-2025-12-27 At the core of the reform is a uniform definition of “wages”, limited to basic pay, dearness allowance and retaining allowance, which must
No tax on property received by son as gift from father – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-no-tax-on-property-received-by-son-as-gift-from-father-4089571/ Get expert insights on India’s tax laws for 2025-26. Learn about tax-exempt property gifts to children, the tax implications of transferring personal shares
Probate of will can’t be blocked by tenant’s claim: Karnataka HC clarifies occupancy vs Inheritance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/probate-of-will-cant-be-blocked-by-tenants-claim-high-court-clarifies-occupancy-vs-inheritance/articleshow/126202923.cms The Karnataka High Court held that a tenant can’t challenge a landlady’s will especially when his occupation of the land was opposed by the landlady
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