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DELHI PROPERTY SOLD AND NO TAX
Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this ground- NRI selling Indian assets? US, UK, UAE, Canada, Australia or Singapore - how your country of residence could decide the income tax bill
- In 1964, a mysterious 27-year-old woman bought abandoned 18-acre island off the coast of Maine & lived there alone; 22 years later, she donated it for a wildlife sanctuary
- At 86, a Pennsylvania farmer turned down more than $15 million from data-center developers and accepted $1.9 million instead, sending his land down a very different path: keeping the farm alive rather than turning it into a server campusAn 86-year-old farmer turned down a staggering $15 million for his Pennsylvania farms, choosing instead to accept $1.9 million via a conser...19 Aug, 2026, 09.40 PM IST
- SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...19 Aug, 2026, 09.12 PM IST
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...19 Aug, 2026, 12.26 PM IST
- Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by Decembe...19 Aug, 2026, 06.51 AM IST
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...18 Aug, 2026, 03.18 PM IST
- MTNL, BSNL and RINL's Rs 13,500 crore worth of realty assets to hit marketsRealty assets worth an estimated ₹13,500 crore belonging to MTNL, BSNL and RINL are set to hit the market after the Department of Public En...18 Aug, 2026, 01.11 PM IST
- Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior c...18 Aug, 2026, 11.53 AM IST
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...17 Aug, 2026, 10.30 AM IST
- Sonu Nigam buys small studio size 258.33 sqft office in Andheri for Rs 1 croreSinger Sonu Nigam has purchased a 258.33 sq ft commercial office in Mumbai’s Andheri West for Rs 1 crore. The deal, registered on August 6,...14 Aug, 2026, 04.41 PM IST
- NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full reliefNRI used money from his NRE bank a/c to buy property for Rs 79 lakh, files no ITR; tax dept sent notice for unexplained cash; he wins case ...14 Aug, 2026, 01.24 PM IST
- Chennai property owners: Received a higher property tax notice? Here's what the revised GCC notice means and how to challenge itChennai property tax increased? Chennai property owners receiving higher tax demands need not panic. The Greater Chennai Corporation has cl...13 Aug, 2026, 02.38 PM IST
- Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...13 Aug, 2026, 11.16 AM IST
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...12 Aug, 2026, 11.00 AM IST
- Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...11 Aug, 2026, 03.35 PM IST
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...10 Aug, 2026, 05.42 PM IST
- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...10 Aug, 2026, 05.24 PM IST
- Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...05 Aug, 2026, 04.29 PM IST
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