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
Day: February 26, 2026
Salaried employee claims wrong deductions, pays tax later — ITAT upholds 200 pc penalty – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/salaried-employee-faces-200-pc-penalty-despite-paying-tax-heres-what-itat-said-on-wrong-income-tax-deductions-4154342/ A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200% penalty after the
Old Will, new trouble: Key steps that decide whether your Will survives legal scrutiny – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/old-will-new-trouble-key-steps-that-decide-whether-your-will-survives-legal-scrutiny/articleshow/128770364.cms Listen to this article in summarized format Recently there was a case in Chhattisgarh High Court where a grandfather’s Will from 30 years ago failed
Denied Rs 91.45 lakh capital gains deduction after selling a plot, taxpayer challenges Income Tax Department’s order in ITAT and wins case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/denied-rs-91-45-lakh-capital-gains-deduction-taxpayer-challenges-income-tax-departments-order-in-itat-and-wins-case/articleshow/128779280.cms Listen to this article in summarized format The Income Tax Appellate tribunal (ITAT) Appellate Pune ruled that even if an individual has failed
Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-with-rs-3-4-lakh-annual-income-gets-a-rs-33-lakh-property-via-gift-deed-tax-dept-sends-notice-she-wins-in-itat-delhi/articleshow/128750835.cms Listen to this article in summarized format On February 4, 2026, the Income Tax Appellate Tribunal (ITAT) Delhi ruled that a gift of property made
16 large financial transactions you can’t hide from Income Tax Department: Deposit, withdrawal, cash payments and more – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/16-large-financial-transactions-you-cant-hide-from-income-tax-department-deposit-withdrawal-cash-payments-and-more/articleshow/128774546.cms Listen to this article in summarized format If you engage in large financial transactions, chances are that the details are being automatically reported
Denied Rs 91.45 lakh capital gains relief, taxpayer appeals in ITAT; tribunal turns the table on Income Tax Department – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/denied-rs-91-45-lakh-capital-gains-deduction-taxpayer-challenges-income-tax-departments-order-in-itat-and-wins-case/articleshow/128779023.cms Listen to this article in summarized format The Income Tax Appellate Tribunal (ITAT) Pune has ruled that even if an individual has failed
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