*******NRI bought Rs 66 lakh property in India, paid TDS but didn’t file ITR, got tax notice; he fights and wins relief in ITAT – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-bought-rs-66-lakh-property-in-india-paid-tds-but-didnt-file-itr-got-tax-notice-he-fights-and-wins-relief-in-itat/articleshow/126504842.cms On November 7, 2025, the ITAT Ahmedabad provided relief to Mr. Patel, a resident and citizen of the USA, after the tax dept sent him a notice

*******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

*******ITR-U cannot be filed if proceedings are initiated against a taxpayer, even when it is unrelated to the income to be disclosed in ITR-U, why Budget 2026 must fix this – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-u-cannot-be-filed-if-proceedings-are-initiated-against-a-taxpayer-even-when-it-is-unrelated-to-the-income-to-be-disclosed-in-itr-u-why-budget-2026-must-fix-this/articleshow/126477048.cms The most significant limitation arises once assessment, reassessment or revision proceedings are initiated or concluded for the relevant assessment year—irrespective of whether the

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