Ancestral vs self-acquired property: When oral relinquishment is valid under Hindu succession law

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/ancestral-vs-self-acquired-property-when-oral-relinquishment-is-valid-under-hindu-succession-law/articleshow/134498949.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A recent case in the Bombay High Court highlighted that where ancestral property is concerned, oral relinquishment of one’s right in a

Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full relief

Read more at:https://economictimes.indiatimes.com/wealth/tax/purchased-property-below-market-value-filed-no-itr-got-income-tax-notice-paid-the-tax-but-asked-to-pay-rs-70000-penalty-itat-delhi-gives-full-relief/articleshow/134498418.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Rai from Indrapuram, Ghaziabad, purchased a property for Rs 48 lakh, he claimed to have no idea that the property’s