Category: One Star

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/homeowners-not-housing-society-must-pay-capital-gains-tax-on-sale-of-development-rights-to-builders-rules-itat-mumbai/articleshow/125343041.cms On October 27, 2025, the Income Tax Appellate Tribunal (ITAT) Mumbai ruled that short term capital gains (STCG) from transferring development rights to a builder under a registered agreement,

The ITAT upheld reassessment under s.147, finding the AO’s formation of belief was based on independent, cogent material from the Investigation Wing and not on

Clipped from: https://taxguru.in/income-tax/hypothetical-income-brought-tax.html CIT Vs Lok Housing & Constructions Limited (Bombay High Court) Bombay High Court held that no hypothetical income of the assessee could have been

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/why-your-bank-deposits-withdrawals-high-value-transactions-are-under-tax-depts-lens-499489-2025-10-24 Frequent or high-value transactions in savings accounts are increasingly being tracked by the Income-tax Department, as data-driven monitoring systems flag inconsistencies between declared

Clipped from: https://www.financialexpress.com/money/the-taxman-can-take-away-your-gold-gains-4014250/ Gold inherited under a Will or otherwise is exempt from tax. However, when you sell such gold later, the capital gains tax applies.

Clipped from: https://www.business-standard.com/finance/personal-finance/itr-portal-update-now-see-when-tax-officers-review-your-submissions-125101600896_1.html The Income Tax Department’s new feature brings transparency and accountability to faceless assessments, helping taxpayers track official action and reduce uncertainty. The Income Tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-view-if-and-when-an-i-t-official-saw-or-reviewed-your-tax-notice-submissions-this-is-how-it-will-benefit-taxpayers/articleshow/124576092.cms The new feature also identifies delays and uses analytics to evaluate performance and improves efficiency in faceless assessments and appeals, says Bimal Jain,

lipped from: https://www.businesstoday.in/personal-finance/tax/story/niti-aayog-proposes-sharp-cut-in-tax-offences-only-6-to-remain-under-criminal-provisions-497794-2025-10-10 NITI Aayog has proposed a major overhaul of India’s tax enforcement framework, calling for the decriminalisation of most offences under the Income Tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-disputes-stuck-in-endless-loop-faceless-cit-as-are-issuing-repeated-notices-but-no-final-judgement-preventing-taxpayers-from-taking-further-action/articleshow/124544337.cms Endless Notices, No Orders: Taxpayers Trapped in Faceless Appeal Limbo The launch of the Faceless Appeal Scheme by Prime Minister, Shri Narendra Modi, in September

Clipped from: https://www.financialexpress.com/money/itr-filing-2025-18-more-days-left-keep-these-key-documents-ready-to-avoid-penalties-3960119/ With the government extending the ITR filing deadline for FY 2024-25 (AY 2025-26) to September 15, 2025 for those not required to get