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
Category: Five Star
*****Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-16-lakh-cash-seized-in-income-tax-raid-tax-officer-calls-it-unexplained-cash-taxpayer-claims-it-to-be-family-money-he-fights-and-wins-the-case-in-itat-mumbai/articleshow/133647793.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Anikesh Banerjee, Judicial Member, and Om Prakash Kant, Accountant Member of ITAT Mumbai, recently provided relief from an unexplained cash tax notice under Section
*****Finance Act 2026: Updated return rules change for taxpayers reporting reduced losses
Read more at:https://economictimes.indiatimes.com/wealth/tax/finance-act-2026-updated-return-rules-change-for-taxpayers-reporting-reduced-losses/articleshow/133596062.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ax laws do not always give taxpayers enough time to discover a mistake. An original return has its due date, a belated
*****Additions Made in Intimation U/s 143(1) Cannot Be Challenged in Appeal Against Scrutiny Assessment: ITAT Bangalore
Read more at: https://taxguru.in/income-tax/bengaluru-itat-additions-intimation-u-s-143-1-challenged-appeal-scrutiny-assessment-u-s-143-3.html?utm_source=follow.it Copyright © Taxguru.in Bengaluru ITAT: Additions Made in Intimation U/s 143(1) Cannot Be Challenged in Appeal Against Scrutiny Assessment U/s 143(3) The
*****‘AI new way of running a bank’: RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Indian banks to embrace artificial intelligence (AI) as a major tool to transform lending, financial inclusion, customer service, operational efficiency
*****ITAT Delhi Quashes Assessment as Section 153C, Not Section 143(3), Was Applicable
Read more at: https://taxguru.in/income-tax/itat-delhi-quashes-assessment-section-153c-not-section-143-3-applicable.html Copyright © Taxguru.in https://taxguru.in/income-tax/itat-delhi-quashes-assessment-section-153c-not-section-143-3-applicable.html The Delhi Bench of the Income Tax Appellate Tribunal allowed the appeal filed by Raja Varshney against the
*****Panaji ITAT Deletes ₹32.25 Lakh Section 68 Addition After Assessee Explains Source
Read more at: https://taxguru.in/income-tax/panaji-itat-deletes-rs-32-25-lakh-section-68-addition-assessee-explains-source.html Copyright © Taxguru.in https://taxguru.in/income-tax/panaji-itat-deletes-rs-32-25-lakh-section-68-addition-assessee-explains-source.html Panaji ITAT Deletes ₹32.25 Lakh Section 68 Addition: Once Assessee Explains Nature, Source and Even “Source of Source”,
*****Section 143(1) to 245: Decoding the 7 income tax notices every taxpayer should know
https://www.businesstoday.in/personal-finance/tax/story/section-1431-to-245-decoding-the-7-income-tax-notices-every-taxpayer-should-know-546756-2026-08-04 Here’s a look at the seven key income tax notices taxpayers should understand after filing their ITR. Section 143(1): Intimation This is the most
*****Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?
Read more at:https://economictimes.indiatimes.com/wealth/tax/not-prepared-for-itr-filing-should-you-file-your-itr-now-with-available-information-or-wait-and-file-a-belated-itr/articleshow/132757221.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst July 31, 2026 is the due date to file income tax return (ITR) by salaried individuals, pensioners, students and other taxpayers who are not
