Senior citizen built home on Rs 22 lakh plot, sold for Rs 8 crore, got income tax notice; he fights and wins tax battle at ITATA senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a Bengaluru propert...
Bank to pay Rs 1 lakh to credit card customer after its collection agent harassed him to repay bill of a fraud transaction; rules Delhi HCThe Delhi High Court has awarded Rs 1 lakh to a credit card customer. This comes after the customer faced harassment from a bank's recovery...
Fired employee gets Rs 26 lakh severance pay, but didn't pay income tax; loses tax battle in ITAT Hyderabad for this key reasonIn a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable income under p...
Tax exemption was denied due to clerical error in ITR filing; ITAT Bangalore gives relief, says tax dept can’t take advantage of this errorThe Income Tax Appellate Tribunal in Bangalore has thoughtfully ruled that clerical oversights in income tax filings won't forfeit tax exem...
Homeowners, not housing society, must pay capital gains tax on sale of development rights to builders, rules ITAT MumbaiThe Income Tax Appellate Tribunal Mumbai has ruled that individual homeowners are liable for capital gains tax when their housing society s...
Fired employee returns company laptop only after criminal case filed; Delhi High Court rules against her for withholding office propertyA recent Delhi High Court ruling clarifies that fired employees must return all company property immediately. Failure to do so, even if pro...
Retired govt employee claims Rs 20 lakh gratuity tax exemption; I-T Dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in her favourA retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax...
No income tax for lady who sold land for Rs 4.5 crore; Know how a 1955 circular and established case laws saved the day for herSeema S sold property in Patna. She incorrectly claimed Section 54 for LTCG tax exemption. The tax officer rejected her claim. Seema appeal...
Shinde wins Rs 1.4 lakh tax penalty case despite claiming false income tax deductions to reduce income by 50%; Know the detailsMr. Shinde faced a penalty for claiming false tax deductions. He blamed his consultant, Mr. Patil, for the error. Shinde promptly paid the ...
SBI ATM fraud: Customer to get full refund with 10% interest from State Bank of India, orders Delhi State Consumer CommissionAfter an 11-year legal battle, an SBI customer has won a case against the bank for fraudulent ATM withdrawals. The Delhi State Consumer Com...
Refund of fraud transactions: Railway police constable wins case against PNB after 10 years; what to do in such cases?Punjab National Bank: What happened was an constable with Railway Protection Force (RPF) became a victim of electronic fraud in 2013 and Rs...
GST Council may discuss tightening of registration processThe council is also expected to take up detailed procedure and rules for recovery of tax and interest, clarification on blocking of refunds...
Full text of FM Nirmala Sitharaman's Budget speech"In May 2019, Prime Minister Modi received a massive mandate to form the government again."
High Court ruling helps Sourav Ganguly save Rs 1.5 crore in service tax on IPL feeThe High Court also quashed the Central Board of Excise and Customs (CBEC) circular dated July 26, 2010, issued in respect of application o...
- DOT gets 2 wks to reply on Aircel, subsidiary demand for LD refund
According to the agreement, in case, new licencees fail to roll-out services within the stipulated period, DoT is entitled to recover LD ch...