₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...
15 Oct, 2026, 10.49 AM IST
In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...
14 Oct, 2026, 10.55 PM IST
Tech billionaire Peter Thiel bought Bel Air mansion Casa Encantada in Los Angeles for $130 millionPeter Thiel has been revealed as the purchaser of the mansion Casa Encantada, a Bel-Air property which sold for $130 million at a foreclosu...
14 Oct, 2026, 10.01 PM IST
Property tax waiver extended for residents of this part of Delhi: Check the new deadline to pay taxDelhi property tax: The Municipal Corporation of Delhi has introduced SUNIYO 2.0, an amnesty scheme for homeowners with unpaid property tax...
14 Oct, 2026, 04.51 PM IST
Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
14 Oct, 2026, 11.39 AM IST
In 2000, Allen Paulson left behind $193 million fortune, unpaid taxes, family inheritance fight led US authorities to pursue his heirsPaulson died on July 19, 2000, leaving behind an estate valued at $193.4 million for federal estate-tax purposes. Most of his assets were h...
13 Oct, 2026, 10.50 PM IST
In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...
13 Oct, 2026, 09.28 PM IST
VRS offer in hand? Check these tax rules before you accept the packageContemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implication...
13 Oct, 2026, 06.30 AM IST
Tyler Perry donated $750,000 to help Atlanta seniors keep their homes; His gift is now fighting rising property taxesTyler Perry has made a generous $750,000 contribution to help low-income seniors in Atlanta tackle overdue property taxes. This effort is p...
12 Oct, 2026, 08.44 PM IST
Tenant to pay Rs 24 lakh for unauthorised stay after failing to prove landlords sought eviction without returning Rs 10 lakh security amount: Delhi HC orderTenant ordered to pay Rs 24 lakh for unauthorised stay after failing to prove landlords wanted to evict without giving back Rs 10 lakh secu...
12 Oct, 2026, 04.48 PM IST
In 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...
09 Oct, 2026, 08.22 PM IST
In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...
09 Oct, 2026, 11.00 AM IST
In 1979, Oregon family sold 1,843 acres, IRS demanded tax, then mostly lost: How a ruling changed tax-deferred property exchangesBack in 1967, an Oregon family's sale of their 1,843 acres of timberland sparked a major dispute with the IRS. The case ended up in the Nin...
08 Oct, 2026, 01.19 AM IST
Own a rental property in 2026? You may be able to deduct property taxes - here’s what the IRS saysRental property tax deduction 2026: If you own a rental property in 2026, property taxes may be deductible as a rental expense. But the amo...
07 Oct, 2026, 04.28 AM IST
Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimat...
05 Oct, 2026, 11.06 PM IST
Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...
05 Oct, 2026, 03.48 PM IST
Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping itHomeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when...
03 Oct, 2026, 05.49 PM IST