Reopening of Assessment Valid Based on Post-Survey Evidence of Taxable Gross Revenue Receipts Issue Whether the revenue authorities were justified in reopening assessments and taxing an assessee’s 35% share of an Association of Persons (AOP) gross sale receipts as taxable business revenue rather than exempt profit, based on fresh tangible material found during a survey… Read More »
Advance Salary Loan Is Not a Benami Transaction Aimed at Defeating Demonetization Purpose Issue Whether the Initiating Officer (I.O.) was justified under the Benami Act in attaching the salary bank account of a college mess employee on the assumption that a routine salary advance from his employer’s Trust Chairman was actually a hidden arrangement to… Read More »
Routing Demonetised Cash Through Another’s Bank Account Constitutes a Benami Transaction, but Attachment Modified by Taxes Paid Issue Whether handing over demonetised cash to a third party to deposit into their bank account and subsequently routing it back through banking channels constitutes a “benami transaction” under Section 2(9) of the Prohibition of Benami Property Transactions… Read More »
OpenAI’s Pivot Back to Tech-First Leadership: Merging ChatGPT and Codex into One “Super App” In a massive internal restructuring aimed at streamlining its product focus and preparing for a massive public debut, OpenAI has officially dismantled the separate walls dividing its three flagship offerings. The company is consolidating ChatGPT, the AI coding agent Codex, and… Read More »
Taxability of senior citizen saving scheme under Income Tax The taxability of the Senior Citizen Savings Scheme (SCSS) is structured under a “Taxed-Exempt-Taxed” framework, meaning you get tax relief on the investment but your regular earnings from it are fully taxable. Here is the exact breakdown of how your principal, interest, and TDS are handled… Read More »
OpenAI Wants to Merge ChatGPT and Codex Into One AI Platform OpenAI’s Pivot Back to Tech-First Leadership: Merging ChatGPT and Codex into One “Super App” In a massive internal restructuring aimed at streamlining its product focus and preparing for a massive public debut, OpenAI has officially dismantled the separate walls dividing its three flagship offerings.… Read More »
Google has ever so slightly tweaked the Gemini app icon with more color Google has ever so slightly tweaked the Gemini app icon with more color As we head into I/O 2026, Google is tweaking the Gemini app icon to be a touch more colorful. There are no changes to the shape of the spark… Read More »
Gemini app rolling out ‘Extended’ thinking level, new 3rd-party app integrations Gemini app rolling out ‘Extended’ thinking level, new 3rd-party app integrations Ahead of I/O 2026, Google continues to roll out Gemini app features, with some users now seeing a “Thinking level” option. In the model picker, you’ll see a new “Thinking level” menu at… Read More »
UCO BANK Sukanya Samriddhi Yojana form Assamese UCO BANK Sukanya Samriddhi Yojana form Assamese Download The Sukanya Samriddhi Account (SSA) offered by UCO Bank is a government-backed savings scheme designed exclusively to secure the financial future of a girl child, providing high guaranteed interest rates and excellent tax exemptions. 📋 Overview of Key Highlights Feature… Read More »
UCO BANK Public provident Fund Form Assamese UCO BANK Public provident Fund Form Assamese Download The Public Provident Fund (PPF) scheme offered by UCO Bank is a highly secure, government-backed long-term savings instrument designed to offer guaranteed tax-free returns and robust retirement security (PPF_Assame… pp. 1-2). 📋 Overview of Key Highlights Feature Scheme Details Account… Read More »