Day: September 1, 2026
*******ITAT Chennai Quashes Section 153A Assessments Where Escaped Income Was Not in Asset Form
Read more at: https://taxguru.in/income-tax/itat-chennai-quashes-section-153a-assessments-escaped-income-not-asset-form.html?utm_source=follow.it Copyright © Taxguru.in DCIT Vs Midas Golden Distilleries Pvt. Ltd. (ITAT Chennai) Summary: The Chennai Bench of the Income Tax Appellate Tribunal
*******Can NRIs appoint a relative as power of attorney to manage property in India?
Read more at:https://economictimes.indiatimes.com/wealth/real-estate/can-nris-appoint-a-relative-as-power-of-attorney-to-manage-property-in-india/articleshow/129445778.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis ET Wealth Reader’s Query: Our daughter-in-law, an NRI in the USA, jointly owns a residential property in Mumbai with her sister,
Wife living in London gives POA to family friend to manage his Vadodara property, friend gifts it to son and daughter-in-law; husband files case and wins in Gujarat HC
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/wife-living-in-london-gives-poa-to-family-friend-to-manage-his-vadodara-property-friend-gifts-it-to-son-and-daughter-in-law-husband-files-case-and-wins-in-gujarat-hc/articleshow/133678531.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Justice Ilesh J. Vora and Justice R.T. Vachhani of Gujarat High Court recently ruled that a general Power of Attorney (POA) holder
*******Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring funds
Read more at:https://economictimes.indiatimes.com/wealth/tax/can-nris-gift-money-to-an-huf-and-save-tax-check-these-income-clubbing-and-tax-rules-before-transferring-funds/articleshow/133673805.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can NRIs gift money to HUF and save income tax? Gifting money to an HUF may seem like a simple family transaction,
*******8,000 shares and Rs 85 lakh LTCG: How did one investor prove her share gains were genuine?
Can the Income Tax Department treat your long-term capital gains (LTCG) from shares as false just because the stock later flagged as suspicious? The Mumbai Income Tax
*****Wife gets income tax notice after husband sells joint property Rs 14 lakh below market price; she fights back and wins the case in ITAT Kolkata
Read more at:https://economictimes.indiatimes.com/wealth/tax/wife-gets-income-tax-notice-after-husband-sells-joint-property-rs-14-lakh-below-market-price-she-fights-back-and-wins-the-case-in-itat-kolkata/articleshow/133654081.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mrs Shome from Birati received an income tax notice after her husband sold their joint property for Rs 16.31 lakh in FY2014-2015. Although the
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