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CASH TAX
Rs 48 lakh in cash received from the sale of two properties, paid capital gains tax but received an income tax notice; taxpayer wins the case in ITAT Cuttack for this reason- Tata Steel Q2 Results: Profit rises 16% YoY to Rs 3,700 crore, revenue up 11%; Noel Tata to retire as director
- Daughter took father’s land by paying Rs 7.25 lakh in cash to her brothers and abandoned father, he filed a court case; Karnataka HC gives back the land to him
- Rs 8.02 lakh leave encashment tax exemption denied: Retired employee wins case in ITAT SuratRetiree Mr. Patel from Bharuch, Gujarat, sought a complete tax exemption on Rs 8.02 lakh of leave encashment. Initially, his company certif...07 Nov, 2026, 10.04 AM IST
- Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts saySEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from ...06 Nov, 2026, 01.36 PM IST
- Novelis to begin shipping from US Aluminium unit in June quarterThe plant is currently being commissioned and is expected to begin shipments in the June quarter of the next fiscal year, Novelis said in i...06 Nov, 2026, 11.33 AM IST
- Scrap, cut or tweak? Centre weighs options on LTCG, STT to stem foreign investor exodusThe Centre is weighing proposals to scrap or lower long-term capital gains tax and recalibrate securities transaction tax as it seeks to ad...06 Nov, 2026, 07.17 AM IST
- Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT CuttackMr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his f...05 Nov, 2026, 04.07 PM IST
- Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...04 Nov, 2026, 03.32 PM IST
- Son gets income tax notice for Rs 33.23 lakh in property investment and cash; he gets relief in ITAT Jaipur for this reasonMother sold 642 grams gold jewellery, gifts the amount to son via notarised gift deed, son buys property and deposits cash in bank but gets...04 Nov, 2026, 10.15 AM IST
- $700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...03 Nov, 2026, 10.49 PM IST
- 36-48 months of salary as Diwali bonus, rumours or true? Micron's bonanza to Indian employees confirmed by techieMicron employees in India are reportedly receiving massive Diwali bonuses, with some payouts allegedly running into several times their ann...03 Nov, 2026, 10.14 PM IST
- NSE Q2 Results: Profit jumps 23% to Rs 2,578 crore, revenue rises 9%NSE Q2 Results: The National Stock Exchange of India (NSE) reported a 23% year-on-year (YoY) increase in its consolidated profit after tax ...03 Nov, 2026, 06.21 PM IST
- LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates showSBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, fa...03 Nov, 2026, 10.31 AM IST
- ₹16 lakh jewellery, ₹3.88 lakh cash treated as unexplained income; here’s why the taxpayer wins at ITAT HyderabadIn a significant ruling, the Hyderabad ITAT absolves Mr Chintakunta of tax additions regarding unexplained cash and jewellery found during ...03 Nov, 2026, 10.09 AM IST
- Rs 3.2 crore found in blue drums buried in UP village; police probe brothers' Mumbai, Pune linksThe recovery of Rs 3.2 crore from three buried blue drums in Uttar Pradesh's Nawabganj has prompted investigators to examine two brothers' ...02 Nov, 2026, 03.02 PM IST
- How are equity investments taxed in India? A guide to capital gains taxIn a bid to invigorate domestic and foreign mutual fund investments, India's Securities and Exchange Board has put forth recommendations fo...02 Nov, 2026, 02.15 PM IST
- Rs 60 lakh cash deposit in widow's bank account triggers income tax notice for unexplained credit; she fights back and wins in ITAT PuneMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...02 Nov, 2026, 01.27 PM IST
- India's ESOP tax rules need reform to ease employee burdenIndia’s ESOP tax rules impose tax on unrealised gains before employees receive cash, creating liquidity pressures. Reforming taxation throu...30 Oct, 2026, 11.22 PM IST
- ₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...29 Oct, 2026, 11.22 AM IST
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