Category: Seven Star

Read more at: https://taxguru.in/income-tax/cbdt-amends-tds-rules-non-resident-immovable-property-transfers.html?utm_source=follow.it Copyright © Taxguru.in Summary: The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Fifth Amendment) Rules, 2026, effective from

The Supreme Court stayed the Punjab and Haryana High Court judgment which had struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.

Read more at: https://taxguru.in/income-tax/rajasthan-high-court-upholds-section-147-explanation-subsequent-escaped-income.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/rajasthan-high-court-upholds-section-147-explanation-subsequent-escaped-income.html?utm_source=follow.it Papu Ram Vs ACIT (Rajasthan High Court) Once the Reassessment Door Is Validly Opened, AO Can Walk into

Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-2-42-lakh-fd-investment-and-rs-1-06-lakh-cash-deposits-no-itr-filed-got-income-tax-notice-senior-citizen-wins-case-in-itat-jaipur-after-9-year-fight/articleshow/133969153.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Income Tax Department sent a tax notice to Mrs Devi (age 83 years old) from Vidhyadhar Nagar, Jaipur as she made

https://www.financialexpress.com/money/income-tax/selling-a-redeveloped-flat-within-2-years-you-may-face-higher-capital-gains-tax/4334414 When a residential building goes through redevelopment, existing flat owners often receive a new and larger flat in place of their old one.  But it can

https://www.financialexpress.com/money/income-tax/man-with-rs-41-45-lakh-in-bank-deposits-faces-income-tax-action-heres-what-itat-said/4333620 A tax notice from the Income Tax Department over unexplained cash deposits can be a serious issue for any taxpayer, particularly when the case involves old transactions and

Read more at: https://taxguru.in/income-tax/no-section-41-1-68-addition-suspicion-itat-mumbai.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/no-section-41-1-68-addition-suspicion-itat-mumbai.html?utm_source=follow.it Mere non-furnishing of confirmations and supporting documents during assessment does not establish cessation of a trading liability under Section

Read more at: https://taxguru.in/income-tax/itat-delhi-quashes-reopening-rs-50-lakh-threshold-sustains-profit-addition-unaccounted-purchases.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/itat-delhi-quashes-reopening-rs-50-lakh-threshold-sustains-profit-addition-unaccounted-purchases.html?utm_source=follow.it Where alleged unaccounted purchases have corresponding sales and only the embedded profit represents real income escaping assessment, the

Read more at: https://taxguru.in/income-tax/sale-price-not-capital-gain-itat-restores-rs-2-10-crore-addition-rs-69-45-lakh-penalty.html?utm_source=follow.it Copyright © Taxguru.in Sale Price Is Not Capital Gain & Penalty Cannot Outlive Its Foundation: ITAT Restores ₹2.10-Crore Addition & ₹69.45-Lakh Penalty

Read more at: https://taxguru.in/income-tax/section-148-notice-late-itat-quashes-rs-50-lakh-property-addition.html?utm_source=follow.it Copyright © Taxguru.in Signed in March but Sent in April: Notice u/s 148 Misses the Limitation Train & ₹50-Lakh Property Addition Gets

Read more at:https://economictimes.indiatimes.com/wealth/tax/hong-kong-based-son-gets-tax-notice-after-father-buys-insurance-policy-in-his-name-with-cash-he-fights-back-and-wins-case-in-itat-mumbai/articleshow/131505565.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Agarwal originally from Goregaon East, but now living in Hong Kong for the past 15 years, gave his father Rs

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-used-nre-account-to-buy-rs-79-lakh-property-got-unexplained-cash-tax-notice-itat-ahmedabad-grants-full-relief/articleshow/133228037.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent judgement, the Income Tax Appellate Tribunal (ITAT) Ahmedabad gave relief to a non-resident man from an income tax notice for unexplained

Read more at:https://economictimes.indiatimes.com/wealth/tax/can-nris-gift-money-to-an-huf-and-save-tax-check-these-income-clubbing-and-tax-rules-before-transferring-funds/articleshow/133673805.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can NRIs gift money to HUF and save income tax? Gifting money to an HUF may seem like a simple family transaction,

Can the Income Tax Department treat your long-term capital gains (LTCG) from shares as false just because the stock later flagged as suspicious? The Mumbai Income Tax

Read more at: https://taxguru.in/income-tax/income-tax-assessment-procedure-income-tax-act-2025.html?utm_source=follow.it Copyright © Taxguru.in Summary: The supplied article explains the assessment framework under the Income-tax Act, 2025, covering inquiry before assessment under Section 268,

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-cant-sell-indian-property-before-october-1-2026-if-buyer-does-not-have-tan-know-how-to-apply-for-tan-online/articleshow/133530979.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/nri-cant-sell-indian-property-before-october-1-2026-if-buyer-does-not-have-tan-know-how-to-apply-for-tan-online/articleshow/133530979.cms If you own a property in India and your residential status is non-resident, then there are some income tax considerations you

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that Rs. 21.60 lakh loan received by a wife from her husband could not

Read more at:https://economictimes.indiatimes.com/wealth/tax/selling-inherited-property-know-who-is-liable-to-pay-income-tax-on-capital-gains-and-how-heirs-can-claim-tax-relief/articleshow/133463503.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Succession-related tax disputes frequently arise because the legal ownership, sale deed, banking trail, TDS records and income-tax returns do not correspond with

https://www.taxscan.in/top-stories/income-disclosed-after-income-tax-notice-issued-us-148-notice-does-not-attract-deemed-concealment-where-reasonable-cause-exists-itat-read-order-1450379 The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, deleted the penalty of Rs.55,870 levied under Section 271(1)(c) on the assessee for Assessment Year 2016-17.