Day: September 3, 2026
*******Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/hong-kong-based-son-gets-tax-notice-after-father-buys-insurance-policy-in-his-name-with-cash-he-fights-back-and-wins-case-in-itat-mumbai/articleshow/131505565.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Agarwal originally from Goregaon East, but now living in Hong Kong for the past 15 years, gave his father Rs
*****Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains why
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-1-33-crore-cash-deposit-no-itr-filing-yet-senior-citizen-wins-income-tax-case-itat-bangalore-explains-why/articleshow/132994693.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Marathikyathanahalli, a retired teacher from Mysore, Karnataka, India deposited Rs 1.33 crore in cash into his bank account, it triggered
*******NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full relief
Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-used-nre-account-to-buy-rs-79-lakh-property-got-unexplained-cash-tax-notice-itat-ahmedabad-grants-full-relief/articleshow/133228037.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent judgement, the Income Tax Appellate Tribunal (ITAT) Ahmedabad gave relief to a non-resident man from an income tax notice for unexplained
Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this ground
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-41-cash-deposit-but-no-itr-bengaluru-man-claimed-his-wife-and-father-paid-his-expenses-itat-bangalore-refuses-relief-on-this-ground/articleshow/133698126.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Income Tax Appellate Tribunal (ITAT) Bangalore, in a recent judgement refused to overlook a delay of about 4 years in a case involving
India’s IPO party is in full swing. Just don’t mistake debut-day gains for a winning bet
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/indias-ipo-party-is-in-full-swing-just-dont-mistake-debut-day-gains-for-a-winning-bet/articleshow/133717085.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst August saw 20 companies raise more than ₹21,000 cr, the busiest month in a year. With marquee names like NSE, Reliance Jio
