Clipped from: https://www.business-standard.com/opinion/columns/echoes-of-the-1980s-inflation-wars-and-slowing-growth-resurface-globally-125012401665_1.html The decade was also marked by the so-called “Star Wars”. This was an American effort to bankrupt the USSR by pretending to develop
Ombudsman disposed of 95% of complaints received in FY24, says RBI | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/ombudsman-disposed-of-95-of-complaints-received-in-fy24-says-rbi-125012401605_1.html Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. Loans, advances formed the largest
*******Mumbai High Court Judgement–Section 87A–Courtesy Mr. Amey Sane
https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sane-Sec 87A – CTC – Bom HC – 24.01.2025
*******Reassessment on issues not considered in Original Assessment is valid: Bombay HC
Clipped from: https://taxguru.in/income-tax/reassessment-issues-considered-original-assessment-valid-bombay-hc.html Sanjay Ratra Vs ACIT (Bombay High Court) In Sanjay Ratra vs. ACIT, the Bombay High Court dismissed a petition challenging reassessment proceedings initiated under
*******Addition u/s. 68 towards bogus LTCG untenable due to lack of adequate evidence
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-bogus-ltcg-untenable-due-lack-adequate-evidence.html Sheela Ashok Bafna Vs ITO (ITAT Mumbai) ITAT Mumbai held that disallowance of claim of exemption u/s. 10(38) on alleged bogus LTCG untenable
*******Addition u/s. 68 not sustained as initial onus of proving identity, creditworthiness and genuineness discharged
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-sustained-initial-onus-proving-identity-creditworthiness-genuineness-discharged.html ACIT Vs Jay Bharat Mehta (ITAT Mumbai) ITAT Mumbai held that addition towards section 68 of the Income Tax Act deleted as assessee
*******Furnishing Reasons at Fag End & Hasty Reassessment Proceedings Unconstitutional: Bombay HC
Clipped from: https://taxguru.in/corporate-law/furnishing-reasons-fag-hasty-reassessment-proceedings-unconstitutional-bombay-hc.html Jayant Avinash Dave Vs ACIT (Bombay High Court) The Bombay High Court ruled in favor of petitioner Jayant Avinash Dave, quashing the reopening
*******Section 54F Exemption Allowed Despite Wife’s Name on Property Title; ITAT Deletes Addition of ₹168.55 crore unexplained cash credit
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-allowed-wifes-property-title-itat-deletes-addition-rs-168-55-crore-unexplained-cash-credit.html ACIT Vs Jay Bharat Mehta (ITAT Mumbai) Section 54F Exemption Allowed Despite Wife’s Name on Property Title In this case, the Assessee claimed
*******ITAT Sets Aside NFAC Order for Non-Consideration of Material, Directs De Novo Adjudication
Clipped from: https://taxguru.in/income-tax/itat-sets-nfac-order-non-consideration-material-directs-de-novo-adjudication.html Mahadevan Vs ITO (ITAT Chennai) The case of Mahadevan Vs ITO (ITAT Chennai) pertains to an appeal against an order by the Commissioner of Income
आवश्यक*******Addition due to assessee’s failure to provide documents: ITAT Remands case
Clipped from: https://taxguru.in/income-tax/addition-due-assessees-failure-provide-documents-itat-remands-case.html Germinda Pvt. Ltd. Vs ITO (ITAT Kolkata) The case of Germinda Pvt. Ltd. Vs ITO pertains to the assessment year 2012-13, challenging the addition of
*******ITAT Remands Appeal to CIT(A) for Fresh Adjudication Due to Failure to Address Merits
Clipped from: https://taxguru.in/income-tax/itat-remands-appeal-cit-appeal-fresh-adjudication-due-failure-address-merits.html Selvalakshmi Feeds & Farms Vs ITO (ITAT Chennai) The case of Selvalakshmi Feeds & Farms Vs ITO involved an appeal against the ex parte order
*******No proper opportunity before AO: ITAT remanded back the matter
Clipped from: https://taxguru.in/income-tax/proper-opportunity-ao-itat-remanded-matter.html Virtiben Preyashkumar Shah Vs ITO (ITAT Ahmedabad) Assessment was completed at income of Rs.1,23,18,612/- against the returned income of Rs.3,76,740/- on account of
आवश्यक*******What it means maintaining–consent artefacts-in the context of DPDP Act ?
Maintaining consent artefacts refers to the process of keeping and managing records or documentation that demonstrate an individual’s consent to a particular action, decision, or
आवश्यक*******[FAQs] –DPDP Act)==Courtesy Taxman
Introduction FAQ 1. What is the Digital Personal Data Protection Act (DPDP Act)? The DPDP Act is a legal framework introduced in India to safeguard
आवश्यक*******No addition for LTCG as property transfer u/s 2(47) required verification of buyer possession and receipt of consideration
Clipped from: https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sachin Ramesh Pawar Vs ITO (ITAT Pune) Conclusion: Since assessee’s claims regarding possession and consideration were supported by documents that were not presented before
आवश्यक*******What to expect from DPDP Act? –Courtesy Telagana Today —
After the Union IT Ministry notified the draft rules on data protection law, it sought feedback by February 18. So, here are the Frequently Asked
आवश्यक*******DPDP rules: Parental consent and data localisation shake up big tech in new digital data rules–Courtesy Telangana Today
The draft DPDP rules propose mandatory parental consent for children’s accounts, data localisation requirements, and complex consent management challenges for businesses The draft DPDP rules
Relax 20% pre-deposit rule for tax disputes under resolution, say experts – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/relax-20-pre-deposit-rule-for-tax-disputes-under-resolution-say-experts-3721872/?ref=hometop_hp Although, it is not a condition for filing an appeal to the ITAT, however, this pre-deposit is required so that tax recovery proceedings
‘Rate-cut cycle unlikely to begin soon unless liquidity improves’ – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance-rate-cut-cycle-unlikely-to-begin-soon-unless-liquidity-improves-3722023/?ref=hometop_hp In the corporate segment, with corporate India currently flush with liquidity, we are well-positioned as the primary banker for many businesses, which ensures
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