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DEMONETISATION CASE
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
NEET leak: If PM respects parliamentary committees, then he must remove Pradhan, says DigvijayaCongress MP Digvijaya Singh has demanded the resignation of Union Education Minister Dharmendra Pradhan. This comes after the NEET-UG 2026 ...
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
Nifty can rally to 30,089 in Prabhudas Lilladher’s bull case scenario, adds 3 stocks to model portfolioDomestic brokerage Prabhudas Lilladher sees Nifty rallying 24% to 30,089 in a bull-case scenario, driven by strength in banks, capital good...
Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained incomeA Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim o...
Demonetisation 'unlawful', says dissenting SC judgeThe dissenting ruling goes on to state that "the proposal for demonetisation arose from the Central Government and therefore, could not be ...
SC displeased with government for delayed response on demonetisation"Normally, a Constitution bench never adjourns like this. We never rise like this once we have started. It is very embarrassing for this co...
No income tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post demonetisation: ITATThe appellant, a housewife Uma Agrawal of Gwalior, had declared total income of Rs 1,30,810 in her income tax return filed for fiscal 2016-...
ED attaches Rs 130 crore assets of Hyderabad-based jewellers in demonetisation caseThe attached assets, include 41 immovable properties, investments made in shares and jewellery, and bullion worth Rs 83.30 crore, seized in...
With Covid restrictions gone, demonetisation cash deposits back under the taxman's scannerTax assessments for 2016-17 were completed by December 31, 2019 when it became time-barred. But in cases where tax returns were not picked ...
Is the new Income Tax dispute settlement scheme attractive enough?Tax experts say none of the big corporate houses are likely to be attracted towards the scheme.
Demonetisation cases: CBDT extends taxman's deadline to December 31An order was issued by the Central Board of Direct Taxes (CBDT) on Thursday, setting the new deadline on December 31, the official said.
CBDT gives 2 months extension to I-T Dept to finalise assessment in demonetisation casesThe department had launched the 'Operation Clean Money' to check black money post-demonetisation.
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA caseDemonetisation of old Rs 1,000 and Rs 500 notes was announced by Prime Minister Narendra Modi on November 8, 2016.
Demonetisation has led to tax terrorism: Yashwant SinhaThough demonetisation failed to meet any of the stated objectives, the government had won the "perception battle", Sinha said.
FM to award tax sleuths who probed stash and demonetisation casesThe main objective is to give due recognition to employees who have exceptional efforts and contributed significantly in diverse areas of d...
Demonetisation: Lawyers' 'mock trial' on notes ban soonUnhappy that neither the Parliament nor the Supreme Court had asked “tough questions” to the Centre on the matter, the lawyers are planning...
Supreme Court to hear plea Wednesday on transferring demonetisation casesThe Centre has sought the transfer of about eight to 10 matters challenging the demonetisation of Rs 500 and Rs 1,000 currency notes.
Currency cue - case For demonetisationThe rise in currency in circulation possibly pointed to a big black economy prompting the government to demonetise Rs 500 and Rs 1,000 note...