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87A REBATE CASE IN ITAT
Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reasonA Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh ...04 Jul, 2026, 11.34 AM IST- No phone calls with wife for 13 days; she dies by suicide; Gulf engineer husband lands in jail; Supreme Court overturns his conviction for this reasonHusband worked in Oman and could not talk with late wife; Wife committed suicide by saying refusal to speak to her over the phone caused he...04 Jul, 2026, 10.24 AM IST
- This is how a company tricks you into thinking it's bigger than it is in realityRevenue is not always the amount written on the invoice. The final number can change because of rebates, returns, penalties, warranties, cu...03 Jul, 2026, 10.12 PM IST
- First ever: ED auctions seized aircraft Hawker 800A in Falcon scamIn a significant move, the Enforcement Directorate has successfully auctioned a Hawker 800A aircraft for Rs 3 crore. This marks the first t...03 Jul, 2026, 05.41 PM IST
- Mysterious case of a Brazil jersey in BangladeshA Bangladeshi police sub-inspector has sparked a bizarre controversy by using AI to alter a mugshot of a drug dealer. Initially arrested in...03 Jul, 2026, 12.12 AM IST
- Ram Temple embezzlement issue: Trust advances crucial July 6 meeting; Champat Rai's future in focusThe Shri Ram Janmabhoomi Teerth Kshetra Trust's meeting has been moved to July 6, where the future of General Secretary Champat Rai and mem...30 Jun, 2026, 04.56 PM IST
- ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...29 Jun, 2026, 01.06 PM IST
- Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...26 Jun, 2026, 03.45 PM IST
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...26 Jun, 2026, 12.13 PM IST
- Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...25 Jun, 2026, 11.47 AM IST
- France detects first Ebola case outside Africa in current outbreakFrance on Wednesday announced its first confirmed case of Ebola identified on its territory, a doctor back from the Democratic Republic of ...25 Jun, 2026, 09.31 AM IST
- ITAT: Accrued interest component on non-convertible debentures sales is taxable as interest incomeThe ITAT has held that the accrued interest component embedded in sale proceeds from non-convertible debentures cannot automatically be tre...24 Jun, 2026, 08.32 PM IST
- Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...23 Jun, 2026, 02.14 PM IST
- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...23 Jun, 2026, 11.08 AM IST
- Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...22 Jun, 2026, 03.43 PM IST
- Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...22 Jun, 2026, 11.52 AM IST
- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...19 Jun, 2026, 10.27 AM IST
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