Clipped from: https://economictimes.indiatimes.com/wealth/tax/dubai-based-taxpayer-gets-i-t-notice-for-unexplained-investment-in-rs-2-crore-mumbai-property-he-fights-back-and-gets-relief-from-itat-mumbai/articleshow/125958976.cms On November 14, 2025, Mr. Ostwal won his income tax case at ITAT Mumbai, as the tribunal deleted Rs 2 crore addition to
Category: Income Tax
*******NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-property-sellers-lose-lakhs-to-tds-delays-why-budget-2026-must-step-in-to-simplify-the-tax-rules/articleshow/126666575.cms The current tax regulations around sale of property are quite complex, leading to significant fund blockage for non-resident Indians (NRIs) who are selling property. A
*******Reassessment Invalid Without Section 143(2) After Return u/s 148: ITAT Pune
lipped from: https://taxguru.in/income-tax/reassessment-invalid-section-143-2-return-u-s-148.html Bharat Kantilal Chengede Vs ITO (ITAT Pune) Reassessment Quashed for Non-Issue of Section 143(2) Notice Despite Belated Return Filed u/s 148- Pune Trib
*******Appeal Dismissal for Non-Prosecution Invalid When Notices Sent to Wrong Email Address
Clipped from: https://taxguru.in/income-tax/appeal-dismissal-non-prosecution-invalid-notices-wrong-email-address.html Veenus Jewellars Vs ITO (ITAT Hyderabad) Failure to Follow Specified Mode of Communication Invalidates Dismissal for Non-Prosecution: ITAT Hyderabad The ITAT Hyderabad condoned a
*******NRI Remittances–I live in the UK and send money to my parents in India — do they need to pay tax on it? NRI son’s tax dilemma – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/i-live-overseas-and-send-money-to-my-parents-in-india-do-they-need-to-pay-tax-nris-dilemma-4110705/ Money sent by NRI children to parents: Tax-free gift or taxable income? Q: To understand the tax treatment of such remittances, we reached
*****Capital gains tax – Selling assets in 2026? How to keep more of your gains and less for the taxman – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/selling-assets-in-2026-how-to-keep-more-of-your-gains-and-less-for-the-taxman-capital-gains-tax-511277-2026-01-16 Capital gains arise when the selling price of an asset exceeds its acquisition cost after adjusting for transfer expenses. While such gains are
*Lady signs POA with land owner, builds flats on land and sells, claims Rs 13 crore tax deduction, I-T dept sends notice; She fights back and wins in HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-signs-poa-with-land-owner-builds-flats-on-land-and-sells-claims-rs-13-crore-tax-deduction-i-t-dept-sends-notice-she-fights-back-and-wins-in-hc/articleshow/126544402.cms On December 1, 2025, the Madras High Court upheld ITAT Chennai’s order, stating that a taxpayer can claim deduction under Section 80-IB without needing to own
*******Reopening Invalid When Search Material Triggers Section 153C
Clipped from: https://taxguru.in/income-tax/reopening-invalid-search-material-triggers-section-153c.html ITO Vs Sagar Construction Company BA Gateway (ITAT Pune) Search-Based Information Triggers Section 153C, Not Reopening u/s 147 — ITAT Pune Dismisses Revenue
*******Capital Gains Recomputed After Proving Gift-Funded Purchase Cost
Clipped from: https://taxguru.in/income-tax/capital-gains-recomputed-proving-gift-funded-purchase-cost.html Mohsin Himmati Vs ADIT (ITAT Hyderabad) Father’s Bank-Funded Payments Allowed as Cost of Acquisition — ITAT Hyderabad Grants Full LTCG Relief The Hyderabad
*******Reopening After 3 Years Invalid If Escapement Is Below ₹50 Lakh
Clipped from: https://taxguru.in/income-tax/reopening-3-years-invalid-escapement-rs-50-lakh.html Sanjay Champalal Jaiswal Vs ITO (ITAT Pune) Reopening Beyond Three Years Invalid Where Escapement Is Below ₹50 Lakh — ITAT Pune Quashes Reassessment
*******Reassessment Quashed for Issuance of Notice Outside Faceless Regime
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-issuance-notice-faceless-regime.html Thilak Babu Boppana Vs ITO (ITAT Hyderabad) Reassessment Quashed for Want of Faceless Jurisdiction — ITAT Hyderabad Applies Kankanala Ravindra Reddy The Hyderabad
*******Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside
Service of statutory email notices to wrong address (husband’s) undermines validity of s.272A(1)(d) penalty; penalty set aside 8. Case-Laws – AT : Whether penalty under section
*****Tax story – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-story/article70508776.ece India’s tax base is expanding, but remains skewed For a long time, policymakers have agonised over India’s narrow tax base and tax collections
*******Sold Indian property for Rs 2 crore, TDS deducted but no ITR filed: Why Delhi HC denied tax relief to NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-indian-property-for-rs-2-crore-tds-deducted-but-no-itr-filed-why-delhi-hc-denied-tax-relief-to-canadian-citizen-of-indian-origin/articleshow/126539540.cms On December 23, 2025, the Delhi High Court turned down a plea from a senior citizen of Indian origin who was asking for
*No Hearing, No Merits: Income Tax Appellate Orders Quashed and Sent Back
Clipped from: https://taxguru.in/income-tax/hearing-merits-income-tax-appellate-orders-quashed.html Shaheed Bhagat Singh Polyethnic Vs DCIT (ITAT Chandigarh) The appeals before the Income Tax Appellate Tribunal, Chandigarh Bench concerned multiple assessment years and
*******Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
Clipped from: https://taxguru.in/income-tax/section-54-capital-gains-tax-exemption-constitutes-date-transfer.html This article forms Part II of a series on capital gains exemption under Section 54 of the Income-tax Act, 1961, and examines the
*Income Tax Consultant died during COVID-19: ITAT condones 848 days’ delay [Read Order]
lipped from: https://www.taxscan.in/top-stories/income-tax-consultant-died-during-covid-19-itat-condones-848-days-delay-1441910?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345168 The ITAT condoned a delay of 848 days in filing an appeal, noting that the taxpayer’s consultant had died during the COVID-19 pandemic.
*******NRI tax dispute: How Section 6 residency rules cost Binny Bansal his tax appeal – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nri-tax-dispute-how-section-6-residency-rules-cost-binny-bansal-his-tax-appeal-510869-2026-01-14 Tax advisory platform Tax Buddy said the crux of Binny Bansal’s case lay in how India’s residency rules are interpreted under Section 6
*******ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]
Clipped from: https://www.taxscan.in/top-stories/itat-grants-relief-on-unexplained-income-in-94-lakh-property-sale-despite-invalid-income-tax-return-1441776?TRN300=cEBgzRSUCAUPBvDdVWxMsKgwaszDGdMkeDUEGhPhWZxMvuFciMSkjydRkMCAsx&LKD333=3335995 The statutory mandate under section 69A requires that where the explanation furnished by the assessee is supported by credible evidence and is not
*******Why Should Parents-in-Law Pay Income Tax on Gifts Given to a Daughter-in-Law?
Clipped from: https://www.taxscan.in/top-stories/why-should-parents-in-law-pay-income-tax-on-gifts-given-to-a-daughter-in-law-1440613?from-login=836083&token=RDWEBLBKANG2QPINHG6JME8227VE14Q4NHSPG Why should parents-in-law pay income tax on income from assets they have already gifted away to their daughter-in-law? In most Indian households, financial
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