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LANDLORDS WINS TAX CASE
SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...- Powerball jackpot numbers for August 17 revealed - Did someone win the $35 million top prize on Monday night?Powerball jackpot August 17: The advertised $35 million prize is based on the annuity option, which is paid in annual installments over 30 ...
- In 1954, a meteorite crashed through an Alabama home and hit Ann Hodges - The rare cosmic event that made her the only confirmed meteorite victimThe year 1954 marked a peculiar chapter in history when Ann Hodges became the only verified person to be struck by a meteorite. As it crash...
- UK based employee sold ESOP worth Rs 26 lakh, declared Rs 1 lakh short-term capital loss, Income Tax dept treated it as unexplained gains; He fights and wins case in ITAT MumbaiUK-based Indian employee sold 1,540 L&T Infotech shares for Rs 26 lakh which he had acquired through ESOPs, declared Rs 1 lakh short-term c...
- 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...
- Powerball jackpot rises to $35 million for August 17 drawing - Here's what Monday night's winner could take homePowerball jackpot: The Powerball jackpot has climbed to an estimated $35 million for Monday's drawing. No ticket matched all six numbers in...
- UK Renters’ Rights Act: Existing fixed terms tenancy will be converted to periodic tenancies; How it impacts landlords and tenants?UK Renters’ Act: If the tenancy agreement had an end date, it will no longer apply as fixed term tenancy is not allowed; Know how it impact...
- 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 ...
- CAG flags Rs 25,085 crore tax effect from 1,902 assessment lapsesThe CAG identified 1,902 tax lapses involving over twenty-five thousand crore rupees. These cases involved incorrect tax rates and faulty i...
- The Sultanate’s Surcharge: MMDR Amendment shifts wealth from states to minersParliament passed the Mines and Minerals Amendment Bill 2026 on Thursday. This legislation aims to standardize mineral taxation across Indi...
- Maryland man wins $1 mn Massachusetts Lottery but gets $650,000 only. Here's whyDuring a family visit, a lucky Maryland resident hit the jackpot, winning a million dollars in the lottery. Opting for a cash payout, he re...
- Dubai set to launch ‘Rent Now, Pay Later’ service in September; tenants could pay annual rent over 12 months with no interestDubai will introduce a new rent payment service in September. Tenants can spread annual rent over twelve months without any interest. A loc...
- Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
- 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...
- SC to examine whether states can impose additional sales tax levyA Supreme Court bench will hear a key question on September 22. This concerns states' power to impose an additional sales tax levy. The Odi...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- 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...
- 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...
- 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...
- Resident accused of maintenance default and nuisance wins eviction case lodged by housing society; Maharashtra co-op appellate court explains whyResident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Ma...
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