NRI bought Rs 2 crore Mumbai flat, got tax notice for ‘unexplained money’ — ITAT clarifies tax rule on foreign income – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/nri-bought-rs-2-crore-mumbai-flat-got-notice-for-unexplained-money-itat-clarifies-tax-rule-on-foreign-income-4153498/ A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax notice treating the

Denied Rs 91.45 lakh capital gains deduction after selling a plot, taxpayer challenges Income Tax Department’s order in ITAT and wins case – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/denied-rs-91-45-lakh-capital-gains-deduction-taxpayer-challenges-income-tax-departments-order-in-itat-and-wins-case/articleshow/128779280.cms Listen to this article in summarized format The Income Tax Appellate tribunal (ITAT) Appellate Pune ruled that even if an individual has failed

Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT Delhi – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/lady-with-rs-3-4-lakh-annual-income-gets-a-rs-33-lakh-property-via-gift-deed-tax-dept-sends-notice-she-wins-in-itat-delhi/articleshow/128750835.cms Listen to this article in summarized format On February 4, 2026, the Income Tax Appellate Tribunal (ITAT) Delhi ruled that a gift of property made

16 large financial transactions you can’t hide from Income Tax Department: Deposit, withdrawal, cash payments and more – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/16-large-financial-transactions-you-cant-hide-from-income-tax-department-deposit-withdrawal-cash-payments-and-more/articleshow/128774546.cms Listen to this article in summarized format If you engage in large financial transactions, chances are that the details are being automatically reported

Denied Rs 91.45 lakh capital gains relief, taxpayer appeals in ITAT; tribunal turns the table on Income Tax Department – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/denied-rs-91-45-lakh-capital-gains-deduction-taxpayer-challenges-income-tax-departments-order-in-itat-and-wins-case/articleshow/128779023.cms Listen to this article in summarized format The Income Tax Appellate Tribunal (ITAT) Pune has ruled that even if an individual has failed

Handwriting opinion not required when whole Will is disputed as daughter challenges father’s Will: Supreme Court – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/handwriting-opinion-not-required-when-whole-will-is-disputed-as-daughter-challenges-fathers-will-supreme-court/articleshow/128456394.cms Listen to this article in summarized format On January 27, 2026, the Supreme Court of India held that a handwriting expert’s opinion is

Delhi bank locker row: Rs 60 lakh jewellery loss claim sparks big questions on liability and compensation; Know your rights and how to protect your valuables – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/delhi-bank-locker-row-rs-60-lakh-jewellery-loss-claim-sparks-big-questions-on-liability-and-compensation-know-your-rights-and-how-to-protect-your-valuables/articleshow/128545317.cms Listen to this article in summarized format A lady claimed that her Rs 60 lakh worth gold ornaments and jewellery went missing from

Unchallenged will enough for land mutation, says Supreme Court; sale agreement holder loses claim – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/unchallenged-will-enough-for-land-mutation-says-supreme-court-sale-agreement-holder-loses-claim/articleshow/128600126.cms Listen to this article in summarized format On December 19, 2025 the Supreme Court ruled that according to the Madhya Pradesh Land Revenue Code, 1959,

Cash gifts from family, relatives not exempt from income tax if you fail to explain these details: ITAT ruling – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/cash-gifts-from-family-relatives-not-exempt-from-income-tax-if-you-fail-to-explain-these-details-says-itat-4150996/ A recent ITAT ruling has shown that even tax-free gifts from relatives can become taxable if proper donor details are not maintained. In

Income Tax Refund scam alert: Fake refund message costs taxpayer Rs 1.5 lakh — Here’s how you can stay safe – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/income-tax-refund-scam-alert-fake-refund-message-costs-taxpayer-rs-1-5-lakh-heres-how-you-can-stay-safe-4151022/ Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one taxpayer lost ₹1.5

Income tax notice to high earners: How a Rs 10.65 lakh wrong deduction triggered Rs 9.44 lakh demand and 200% penalty – Money News | The Financial Express

Clipped from: https://www.financialexpress.com/money/income-tax-notice-to-high-earners-how-a-rs-10-65-lakh-wrong-deduction-triggered-rs-944-lakh-demand-and-200-penalty-4151148/ A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a steep 200% penalty.

Widow wins right to higher pension and dues: Allahabad HC allows claim based on husband’s 1993 regularisation – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/widow-wins-right-to-higher-pension-and-dues-allahabad-hc-allows-claim-based-on-husbands-1993-regularisation/articleshow/128741063.cms Listen to this article in summarized format On February 5, 2026, the Allahabad High Court ruled that the legal representative of the deceased employee may

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