Category: Five Star

Read more at:https://economictimes.indiatimes.com/wealth/tax/man-earns-rs-75-lakh-by-redeveloping-property-inherited-from-mother-pays-no-income-tax-receives-notice-wins-case-in-itat-delhi/articleshow/134933428.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/man-earns-rs-75-lakh-by-redeveloping-property-inherited-from-mother-pays-no-income-tax-receives-notice-wins-case-in-itat-delhi/articleshow/134933428.cms Mr Jain from Vasant Vihar, Delhi, had inherited his late mother’s 400 square yards of leasehold land in 1997. Being her

Read more at:https://economictimes.indiatimes.com/wealth/tax/homeowner-sold-redeveloped-flat-for-rs-1-95-crore-paid-no-income-tax-received-a-tax-notice-wins-relief-in-itat-mumbai/articleshow/134962377.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Furia and his wife lived in a 510 square feet flat in a housing society in Chunabhatti, Sion, Mumbai, which he

Read more at:https://economictimes.indiatimes.com/wealth/tax/how-much-gold-and-silver-jewellery-can-you-have-in-your-home-without-getting-into-trouble-with-the-income-tax-authorities/articleshow/134915513.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Recently, there was a case in the ITAT Mumbai where the Income Tax Department conducted a search operation in a lady’s residential

https://www.taxscan.in/income-tax/mere-filing-of-reply-does-not-satisfy-personal-hearing-requirement-us-148a-when-hearing-is-specifically-sought-rajasthan-hc Assessee who specifically seeks a personal hearing before a Section 148 reassessment decision cannot be denied that opportunity merely because a detailed written reply

https://www.taxscan.in/income-tax/amendment-made-to-repealed-act-is-unsustainable-ap-hc-declares-section-147a-of-income-tax-act-unconstitutional-read-judgment In a major ruling, the Andhra Pradesh High Court declared Section 147A of the Income Tax Act, 1961 as unconstitutional, thereby ruling that an

Read more at:https://economictimes.indiatimes.com/wealth/tax/good-news-if-penalty-is-imposed-for-misreporting-of-income-or-other-cases-you-can-apply-for-waiver-of-penalty-using-revised-form-161-check-the-details/articleshow/134834280.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Central Board of Direct Taxes (CBDT) on October 8, 2026, has introduced a revised Form 161, using which eligible taxpayers, including

https://www.taxscan.in/top-stories/income-tax-dept-must-establish-assessees-share-before-taxing-entire-joint-property-purchase-itat-read-order-1451296 The Rajkot bench of Income Tax Appellate Tribunal ( ITAT ) held that the income tax department cannot tax the entire joint property purchase

Read more at: https://taxguru.in/income-tax/section-54-shortfall-not-taxable-original-year-mumbai-itat-deletes-penalty.html Copyright © Taxguru.in https://taxguru.in/income-tax/section-54-shortfall-not-taxable-original-year-mumbai-itat-deletes-penalty.html Summary: The appeal was filed by the assessee against the order dated 19.02.2026 passed by the Commissioner of

https://www.loksatta.com/business/personal-finance/house-sale-capital-gains-tax-saving-guide-marathi-aam-93-6122182 प्रवीण देशपांडे अन्न, वस्त्र आणि निवारा या माणसाच्या मुलभूत गरजा आहेत. यामध्ये सर्वात खर्चिक, जिव्हाळ्याची गरज म्हणजे निवारा. स्वतःचे घर असणे हे आपल्या मनातील

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