Day: February 25, 2026

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-act-2025-section-247-allows-digital-searches-but-not-ai-scrutiny-clarifies-govt-517281-2026-02-20 The Finance Ministry has clarified that Section 247 does not reference AI and does not create any new or blanket powers. According to

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/handwriting-opinion-not-required-when-whole-will-is-disputed-as-daughter-challenges-fathers-will-supreme-court/articleshow/128456394.cms Listen to this article in summarized format On January 27, 2026, the Supreme Court of India held that a handwriting expert’s opinion is

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/delhi-bank-locker-row-rs-60-lakh-jewellery-loss-claim-sparks-big-questions-on-liability-and-compensation-know-your-rights-and-how-to-protect-your-valuables/articleshow/128545317.cms Listen to this article in summarized format A lady claimed that her Rs 60 lakh worth gold ornaments and jewellery went missing from

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/unchallenged-will-enough-for-land-mutation-says-supreme-court-sale-agreement-holder-loses-claim/articleshow/128600126.cms Listen to this article in summarized format On December 19, 2025 the Supreme Court ruled that according to the Madhya Pradesh Land Revenue Code, 1959,

Clipped from: https://www.financialexpress.com/money/cash-gifts-from-family-relatives-not-exempt-from-income-tax-if-you-fail-to-explain-these-details-says-itat-4150996/ A recent ITAT ruling has shown that even tax-free gifts from relatives can become taxable if proper donor details are not maintained. In

Clipped from: https://www.financialexpress.com/money/income-tax-refund-scam-alert-fake-refund-message-costs-taxpayer-rs-1-5-lakh-heres-how-you-can-stay-safe-4151022/ Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one taxpayer lost ₹1.5

Clipped from: https://www.financialexpress.com/money/income-tax-notice-to-high-earners-how-a-rs-10-65-lakh-wrong-deduction-triggered-rs-944-lakh-demand-and-200-penalty-4151148/ A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a steep 200% penalty.

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/widow-wins-right-to-higher-pension-and-dues-allahabad-hc-allows-claim-based-on-husbands-1993-regularisation/articleshow/128741063.cms Listen to this article in summarized format On February 5, 2026, the Allahabad High Court ruled that the legal representative of the deceased employee may

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/probate-granted-to-will-but-criminal-court-finds-the-will-to-be-forged-affected-party-can-apply-for-revocation-of-probate/articleshow/128702327.cms Listen to this article in summarized format On January 15, 2026, the Delhi High Court stated that during the probate proceedings of a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rs-27k-income-tax-liability-became-rs-9-44-lakh-pune-taxpayer-claims-fake-deductions-of-rs-10-65-lakh-taxman-imposes-200-penalty-itat-upholds-fine/articleshow/128705963.cms ET OnlineThe taxpayer, who had paid an income tax of Rs 27,792, was ordered to pay a penalty of Rs 9,44,073, a nearly

Clipped from: https://economictimes.indiatimes.com/wealth/tax/salary-earned-overseas-deposited-in-indian-nre-a/c-why-itat-ahmedabad-quashed-tax-departments-notice/articleshow/128711334.cms Listen to this article in summarized format On February 9, 2026, the Income Tax Appellate Tribunal (ITAT) Ahmedabad held that salary received by

Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-have-taken-foreign-citizenship-can-i-send-my-mother-rs-510-lakh-a-year-in-india-without-fema-or-tax-scrutiny/articleshow/128745521.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by

Clipped from: https://economictimes.indiatimes.com/wealth/tax/80-lakh-cash-loan-row-madras-hc-refuses-to-force-pan-disclosure-sends-papers-to-i-t-dept/articleshow/128746303.cms ET OnlineLender who claimed Rs 80 lakh cash loan can’t be forced to reveal his PAN after borrower sought tax scrutiny; HC sends

Clipped from: https://www.financialexpress.com/money/new-hra-claim-rules-under-income-tax-act-2025-rent-paid-to-relatives-to-face-scrutiny-heres-what-changes-4152185/ Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed that tenants must

Clipped from: https://www.financialexpress.com/money/nri-bought-rs-2-crore-mumbai-flat-got-notice-for-unexplained-money-itat-clarifies-tax-rule-on-foreign-income-4153498/ A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax notice treating the