Entire Bogus Purchase Value Cannot Be Taxed When Corresponding Sales Are Undisputed Issue Whether the Assessing Officer is justified in adding the entire value of alleged bogus purchases to the assessee’s taxable income under Section 69C when the corresponding sales are accepted, no stock discrepancies exist, and only the profit element embedded in those purchases… Read More »
Reassessment Notice Based on Loose Seized Notings Lacking Direct Link to Assessee Is Quashed Issue Whether the Assessing Officer (AO) can validly issue a reassessment notice under Section 148 on the presumption of “on-money” payment, based solely on an entry in a third-party seized register that was recorded 23 months prior to the actual land… Read More »
Statutorily mandated deposits qualify for section 80P deduction, but surplus fund interest is taxed under section 56. Issue Whether interest income earned on deposits maintained by a co-operative society under statutory compulsion (such as SLR/reserve fund requirements) qualifies as business income eligible for deduction under Section 80P(2)(a)(i). Whether interest or dividend income earned from investing… Read More »
Assessee Entitled To Depreciation On Amalgamation Goodwill And Debt-Free Companies Are Exempt From Notional Interest Adjustments Issue Whether an assessee is entitled to claim depreciation at 25% under section 32(1)(ii) on goodwill arising out of an amalgamation scheme approved by the High Court, in the absence of any specific statutory embargo. Whether a Transfer Pricing… Read More »
88% Of Companies Use AI As A Tool, Only 12% Built A System 88% Of Companies Use AI As A Tool, Only 12% Built A System New global research of 6,000+ professionals finds a stark divide in AI maturity, with leaders and workflows often further apart than teams realize. Avinash Kaushik has a gift for puncturing… Read More »
Gemini can now take notes in Google Meet for Google AI Pro and Ultra subscribers. Gemini can now take notes in Google Meet for Google AI Pro and Ultra subscribers. Starting today, Google AI Pro and Ultra subscribers can use the “Take notes for me” feature in Google Meet on web and mobile devices in select… Read More »
What is Nano Banana? What is Nano Banana? #GoogleAI #Gemini #NanoBanana In this video, we’re learning all about Nano Banana, Google’s image generation model. Join Nano Banana Product Manager Naina (who named the model!) as she walks you through the amazing things you can create — from 3D product renders to architectural blueprints to personalized… Read More »
Ask an AI expert: What exactly is the full stack? Ask an AI expert: What exactly is the full stack? A Google expert explains what it means to take a full-stack approach to AI and why it’s been the foundation of our AI work for so long. If you’ve spent any time lately reading about AI or using… Read More »
Unlock deeper insights for YouTube brand campaigns Unlock deeper insights for YouTube brand campaigns. New features for Video Reach and Video View campaigns will help prove how YouTube brand campaigns are driving the results advertisers care about. Capture active user engagement with Shorts Ad Actions: Video View Campaigns that are opted into Shorts will now automatically… Read More »
Here’s how Gemini can help you avoid jetlag Here’s how Gemini can help you avoid jetlag If you’ve got a faraway trip coming up, the Gemini app can help you avoid jetlag so you can make the most of your visit. Once you’ve given Gemini permission to access your Gmail and Calendar, it can find… Read More »