Lady sells listed equity shares for Rs 26 crore and constructs house, pays no capital gains tax; ITAT Kolkata rules in her favourA woman successfully claimed capital gains tax exemption on Rs 26 crore from selling shares. The Income Tax Appellate Tribunal in Kolkata r...
14 Feb, 2026, 12.32 PM IST
Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayerThe Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS cr...
02 Feb, 2026, 07.12 AM IST
Fruit dealer earns Rs 92 lakh in a year; files no ITR; gets tax notice for unexplained cash credit; he fights back and wins case in ITAT BangaloreA Bengaluru fruit dealer successfully challenged a tax notice for unexplained cash credit. The Income Tax Appellate Tribunal (ITAT) Bangalo...
31 Jan, 2026, 11.35 AM IST
Faceless tax assessment lost its way: Why Budget 2026 must fix system, not expand compliance burdenWith the new Income-tax Act approaching, Budget 2026 presents a crucial chance to reform India's Faceless Assessment Scheme. Current struct...
24 Jan, 2026, 07.11 AM IST
Wife gets tax notice for purchasing Rs 51 lakh property but not filing ITR, she fights back and wins in ITAT AhmedabadA Mumbai woman, Mrs. Sood, successfully appealed an income tax notice for an alleged unexplained Rs 51 lakh property investment. The Income...
14 Nov, 2025, 07.03 PM IST
Bombay HC quashes I-T assessment order, flags non-existent AI-generated case lawsThe Bombay High Court has cancelled an income tax assessment. The court found the assessing officer used fake AI-generated case laws. This ...
27 Oct, 2025, 08.09 PM IST
Income tax disputes stuck in endless loop: Faceless CIT (A)s are issuing repeated notices but no final judgement, preventing taxpayers from taking further actionLaunched to boost transparency, India's Faceless Appeal Scheme now faces challenges with significant pendency and the repetitive issuance o...
14 Oct, 2025, 06.00 PM IST
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 ...
26 Jul, 2025, 09.18 AM IST
Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portalOrder giving effect: Now a online process has to be used for submitting order giving effect requests. Earlier even if a taxpayer won a case...
12 Feb, 2025, 10.36 AM IST
Budget 2025: Faceless tax appeal needs a faceliftTaxpayers are repeatedly asked to submit written support for their appeal, even if filed. Despite this, no notice is issued for the appeal ...
15 Jan, 2025, 11.18 PM IST
Hindustan Zinc gets tax demand of Rs 1,170 cr for AY21, co to file appealHindustan Zinc received a tax demand of Rs 1,170 crore for AY21 from the Income Tax Department's National Faceless Assessment Centre. The c...
30 Jul, 2024, 04.32 PM IST
Bank of India receives Rs 1,128 cr tax demand orderAccording to the exchange filing the Bank is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), National F...
31 Mar, 2024, 10.52 PM IST
Appeals window opens for HSBC Geneva 'a/c holders'Since Sunday evening, hundreds of individuals across the country have received emails from the offices of the Commissioner of Income Tax (A...
02 Nov, 2022, 05.26 AM IST
ITAT says no to addition of Rs 115 crore to RAW Pressery Income by I-TThe income tax department had questioned fund infusion in the company by private equity investors, Sequoia Capital India Investments and Sa...
08 Oct, 2022, 12.41 AM IST
CBDT disposes of over 1 lakh cases under faceless assessmentAs per CBDT data, the department has allocated 57,985 legacy cases and 136,000 new cases, out of which it has been able to dispose of 46,82...
08 Apr, 2021, 06.35 AM IST
Income Tax survey to be conducted only after nod from high-ranked officers, says CBDTThe CBDT has issued directions to the officers that where any survey action is required by officers of "Central Charge" (involving search/ ...
20 Oct, 2020, 07.29 PM IST
Community workers to assist transgenders, widows, others through civil society initiativeSpirited community workers have come together through ivil society initiative to help deprived sections of society negotiate with power cen...
16 Sep, 2014, 12.55 PM IST