Woman declares Rs 67.4 lakh ancestral jewellery in ITR; tax dept sends notice, she wins in ITAT
https://timesofindia.indiatimes.com/business/india-business/woman-declared-rs-67-4-lakh-ancestral-jewellery-in-her-itr-which-led-to-additions-by-tax-department-itat-mumbai-deleted-it-on-basis-of-old-records-but-rejected-her-rs-12-lakh-huf-brokerage-claim/articleshow/134706982.cms

The assessment threw up two separate issues. The first concerned jewellery worth Rs 67,39,949 that the woman had disclosed in Schedule AL of her income tax return. The tribunal also examined whether the Rs 12 lakh paid to the HUF represented a genuine brokerage expense when the same person, the HUF's Karta/coparcener, had already received another Rs 12 lakh for the same transaction.

Team Noel hits back at Vijay Singh, Venu Srinivasan
https://timesofindia.indiatimes.com/business/india-business/team-noel-hits-back-at-vijay-singh-venu-srinivasan/articleshow/134720157.cms

Four trustees of Sir Dorabji Tata Trust responded to accusations from vice-chairmen Venu Srinivasan and Vijay Singh. The trustees claimed the vice-chairmen breached fiduciary duties by not discussing concerns directly with them. They emphasized that Noel Tata's merger proposal aimed to maintain Tata Sons' unlisted status. Additionally, they stated that the complaints sent by Srinivasan and Singh were not shared with co-trustees.

Sebi keeping close watch on improper tips: Tuhin Kanta Pandey
https://timesofindia.indiatimes.com/business/india-business/sebi-keeping-close-watch-on-improper-tips-tuhin-kanta-pandey/articleshow/134720198.cms

To protect investors, Sebi is actively removing 6,000 to 7,000 unauthorized stock tips from social media each month. The regulatory body aims to educate investors about financial risks and prevention of fraud. Project Jagrook was launched to improve investor education and promote informed investment practices across the country. Sebi differentiates between responsible finfluencers and those who operate without regulation or engage in fraudulent schemes.

Sir Dorabji Tata Trust asked to respond to Venu complaint in a week
https://timesofindia.indiatimes.com/business/india-business/sir-dorabji-tata-trust-asked-to-respond-to-venu-complaint-in-a-week/articleshow/134720246.cms

Maharashtra Charity Commissioner has requested Sir Dorabji Tata Trust to provide a response by October 12. Complaints were filed by vice-chairmen Venu Srinivasan and Vijay Singh regarding governance issues. They allege the trust has overstepped its charitable mandate by interfering in Tata Sons' affairs. The commissioner may decide to hold a hearing or rule based on submitted complaints. This governance dispute could significantly impact the functioning of Tata Group companies.

Proposed GST changes positive for business: Experts
https://timesofindia.indiatimes.com/business/india-business/proposed-gst-changes-positive-for-business-experts/articleshow/134720267.cms

Proposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to create a more business-friendly environment in India.

Govt likely to sign BIT with Saudi Arabia
https://timesofindia.indiatimes.com/business/india-business/govt-likely-to-sign-bit-with-saudi-arabia/articleshow/134720362.cms

India plans to sign a bilateral investment treaty with Saudi Arabia, allowing quicker arbitration for investors. The exhaustion of legal remedies period has been reduced from five years to two years for Saudi Arabia. This decision is significant due to the interest of Saudi Aramco in investing in Indian refineries. The government aims to increase foreign direct investment inflows by making concessions in agreements.

RBI swap scheme boosts private banks' Q2 business numbers
https://timesofindia.indiatimes.com/business/india-business/rbi-swap-scheme-boosts-private-banks-q2-business-numbers/articleshow/134720409.cms