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BENGALURU TAX CASE
Rs 5.26 lakh capital loss carry forward was claimed in original ITR but a lesser claim was denied in revised ITR; Taxpayer fights back and wins in ITAT Bangalore- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it means
- ITR 2026: Common income tax return filing mistakes that cost employees lakhs
- Amazon delivered wrong shoes and denied refund: Kerala customer wins nearly Rs 10000 payoutA Kerala consumer commission has ordered Amazon to refund Rs 1,945.30 and pay Rs 8,000 as compensation to a Kannur engineer who ordered bla...15 Jul, 2026, 11.19 AM IST
- Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT BangaloreLandowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins cas...14 Jul, 2026, 03.19 PM IST
- Income Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demandThe Income Tax Appellate Tribunal has extended a significant tax demand stay. This stay now covers approximately ₹10,833.22 crore for Xiaom...14 Jul, 2026, 01.52 PM IST
- Builder failed to provide promised amenities for 6 years; Karnataka RERA steps in and issues 90-day deadline to give promised amenitiesKarnataka RERA ordered a builder to provide promised amenities within ninety days. The builder failed to deliver Cauvery water and electric...13 Jul, 2026, 10.18 AM IST
- No longer just jewellery: How young Indians are rewriting their relationship with goldIndia’s younger generations are increasingly treating inherited gold jewellery as a financial asset rather than a family heirloom. Millenni...12 Jul, 2026, 09.08 AM IST
- NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...11 Jul, 2026, 07.38 AM IST
- Same-sex couple challenges Income Tax provision that exempts gifts only between spousesThe Karnataka High Court has requested a response from the Union government concerning a petition that challenges a tax exemption clause. T...10 Jul, 2026, 12.39 PM IST
- 'A video on Facebook, a chat on Telegram': Deepfake Nirmala Sitharaman scam costs Bengaluru professor Rs 61 lakhA Bengaluru professor lost over sixty-one lakh rupees in a sophisticated cyber fraud. She was lured by a deepfake video featuring Finance M...09 Jul, 2026, 08.46 AM IST
- Is your home loan ruling your life? Know the hidden cost of a big EMIMany Indians stretch finances for dream homes, but hefty home loans lead to years of uncomfortable choices. Borrowers face lifestyle compre...06 Jul, 2026, 12.22 PM IST
- From OpenAI to Sarvam, governments may want skin in the AI gameGovernments are exploring ownership stakes in leading AI firms like OpenAI and Sarvam AI, signaling a shift in viewing artificial intellige...02 Jul, 2026, 07.59 PM IST
- Mumbai's faith, food and identity: The battle over sacred traditionsThe evolution of Mumbai from seven islands into a bustling urban center illustrates the ongoing tension between age-old traditions and cont...27 Jun, 2026, 12.03 AM IST
- You Do Not Need ₹15 Crore to Retire Comfortably: How Bonds Can Build Predictable Retirement IncomeForget the daunting ₹15 crore retirement myth. For a couple retiring in their early 50s with ₹1 lakh monthly expenses, a ₹4-5 crore corpus ...23 Jun, 2026, 07.00 PM IST
- US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassleIndians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and ...23 Jun, 2026, 11.10 AM 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
- Credit card points: How to use them for free flights, hotel stays, and better travel rewardsTravellers should also remember that loyalty program transfers are generally irreversible. Before moving points to an airline or a hotel pr...22 Jun, 2026, 09.29 AM IST
- ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for itThe Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...19 Jun, 2026, 11.50 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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