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*******8,000 shares and Rs 85 lakh LTCG: How did one investor prove her share gains were genuine?

Can the Income Tax Department treat your long-term capital gains (LTCG) from shares as false just because the stock later flagged as suspicious? The Mumbai Income Tax

*****Wife gets income tax notice after husband sells joint property Rs 14 lakh below market price; she fights back and wins the case in ITAT Kolkata

दोन्ही बातम्या म्हटल्या तर खेदजनक आहेत — पण एक महिला ऑफिसर इतके चांगले काम करू शकते हे नक्कीच स्पृहणीय आहे. दिव्या मित्तल या आधी इंग्लंड मध्ये काम करत होत्या –त्यांचे पती देखील तेव्हढेच शिकलेले आणि तेही इंग्लंड मध्येच कामाला होते. पण दोघांनीही भारताची सेवा करायची असे ठरवून भारतात आले — व सेवेत दाखल झाले –दोन्ही बातम्या सविस्तर वाचाव्या अशा — बातमी सौजन्य लोकसत्ता आणि महाराष्ट्र टाइम्स

Key aspects of the case –worth knowing [1] It is the creditors- with 81% voting rights — who okayed the plan. [2] NCLT–in its final order –held that investigation into voting process fell outside the scope of PART III of IBC which deals with personal insolvency [3] The first Resolution Profesional– was replaced after concerns were raised that he had overstepped his role by acting as a consultant in the formulation of the repayment plan [4] The one- who replaced first RP–allegedly accelerated the process ,admitted entities allegedly associated with Chandra into creditors list etc – Courtesy BusinessLine

Q1-GDP @ constant prices -increased 7.8% [ as against 6.9% in the same quarter last year] -[2] Impact of Iran war has not been as significant [3] Gross value added [the preferred indicator of economic activities ] expanded 8.2% during the quarter [4] Economists aver -factors responsible r -[a]direct tax relief [b] a reduction in rate of GST last year [c] Supportive Monetary policy– Editorial BS

*****Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai

Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing it

FED Chief’s standard – [1] We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed [2] Otherwise we have work to do. That is our job–News Courtsey BS 29/8/2026

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