Manual filing of Form 10 does not justify reassessment if already examined during scrutiny. Issue Whether the Revenue department can validly initiate reassessment proceedings under Section 148 to disallow income accumulation solely because Form 10 was filed manually instead of electronically, in a case where the Assessing Officer had already thoroughly examined and accepted the… Read More »
Tax disputes decided in favor of the assessee-bank based on binding precedents and legal provisions. Issue Whether the various additions and disallowances made by the Assessing Officer—concerning bad debt provisions under section 36(1)(viia), unrealized foreign exchange gains, Corporate Social Responsibility (CSR) expenditure, depreciation rates on ATMs (60%) and leased assets, section 14A disallowances, investment depreciation… Read More »
Capital gains are taxable on the execution date of the registered sale agreement for the absolute owner. Issue Whether the long-term capital gains from the sale of an immovable property are taxable in the assessment year matching the execution date of a registered agreement to sell, or in the subsequent year when the full consideration… Read More »
Tax Exemption for Recognized Clearing Corporations Under Income-Tax Act Tax Exemption for Recognized Clearing Corporations Under Income-Tax Act SECTION 11, READ WITH SCHEDULE III OF THE INCOME-TAX ACT, 2025 – INCOMES NOT INCLUDED IN TOTAL INCOME – RECOGNISED CLEARING CORPORATION NOTIFICATION S.O. 3684(E) [NO. 79 /2026 / F.NO.197/39/2018-ITA-I], DATED 7-7-2026 In exercise of the powers conferred… Read More »
The History of the World in 20 Minutes The History of the World in 20 Minutes The history of the entire world. I guess it’s simplified, but I have done my best to make it historically accurate. Remember to visit funhistory.tv to get free, members-only videos. 00:00 Intro 00:13 The First Civilizations 01:34 Ancient Cultures… Read More »
Google boosting agroforestry efforts to help the atmosphere and farmer livelihoods. Google boosting agroforestry efforts to help the atmosphere and farmer livelihoods. Today, through the Symbiosis Coalition, google announcing a long-term agreement with Thryve.Earth for 260,000 tons of carbon removal from their agroforestry project in Sulawesi, Indonesia. This marks the first agroforestry project included within Google’s carbon… Read More »
Convert your Google Slides to videos in 7 additional languages Convert your Google Slides to videos in 7 additional languages Google Vids already lets you convert your Slides content into Vids with AI-generated scripts, voiceovers, background music, and animations for presentations and accounts in English. Google now expanding support to French, German, Italian, Japanese, Korean, Portuguese, and Spanish.… Read More »
Image interaction with GPT-Live Image interaction with GPT-Live More about our next generation voice model here: https://openai.com/index/introducing-… The AI critiques clothing choices by balancing a respectful tone with practical style advice tailored to the specific occasion (in this case, meeting a girlfriend’s parents for the first time). Its approach involves: Assessing the “Vibe”: The AI acknowledges… Read More »
Invitation for Galaxy Unpacked July 2026 | Samsung Invitation for Galaxy Unpacked July 2026 | Samsung #GalaxyAI #GalaxyUnpacked #Samsung Your ticket is ready. July 22. A new shape unfolds. Learn more: http://smsng.co/Invitation-Jul-2026_yt #GalaxyAI #GalaxyUnpacked #Samsung Samsung has officially announced its next Galaxy Unpacked event, scheduled for July 22, 2026, live from London, U.K. under the… Read More »
GST Case Law 07.07.2026 Relevant Act Section Case Law Title Citation Brief Summary Maharashtra Goods and Services Tax Act, 2017 N/A (Classification / Notification No. 9/2025) Sapna Hitech (P.) Ltd., In re Click Here ‘Pooja oil’ (inedible mixture of 99% palm/rice bran/soya oil and 1% sesame oil) marketed as ‘not for human consumption’ is classifiable… Read More »