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PENALTY UNDER SECTION 271A
Builder promised 1,395 sq ft flat, parking, compensation in return for property, then issued notice demanding Rs 30 lakh; landowners win over Rs 1.22 crore relief- Meta has strong chance of getting $25 billion New Mexico penalty slashed on appeal, experts say
- Rs 4.29 crore MCX commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR; Income Tax Dept imposed Rs 25,000 penalty, but he wins case in ITAT Jaipur
- Meta hit with a staggering $25 billion penalty in New Mexico privacy case linked to Cambridge Analytica scandal-here's what happenedMeta has been sentenced to pay a staggering $25 billion for consumer protection infractions in New Mexico. These violations arose from misl...22 Oct, 2026, 01.51 AM IST
- HD Fire Protect shares list at 24% premium over IPO price on NSEHD Fire Protect shares debuted at a premium of up to 23.6% on Wednesday after its Rs 712 crore IPO attracted 131.70 times subscription. The...21 Oct, 2026, 11.14 AM IST
- Wife evicted from mother-in-law’s house over matrimonial disputes with husband; why HC upheld the orderThe Delhi High Court just ruled that matromonial fights can really upset elderly parents and so on this ground the court ordered a wife to ...21 Oct, 2026, 07.00 AM IST
- Posters on a Mangaluru roadside wall called a Supreme Court judgment a denial of justice, 13 men booked, now Karnataka High Court has quashed the FIRKarnataka High Court has quashed an FIR against 13 men who put up posters in Mangaluru criticising a Supreme Court judgment. The court held...20 Oct, 2026, 01.43 PM IST
- Trump waives Russia sanctions, easing India’s energy concerns as US trade deal nearsUS President Donald Trump waived key Russian sanctions which may enhance trade relations with India. This decision is expected to provide n...19 Oct, 2026, 05.33 PM IST
- Hindustan Zinc Q2 Results: Net profit skyrockets 142% YoY to Rs 6,412 crore, revenue soars 77%Hindustan Zinc reported a 142% year-on-year rise in Q2 FY27 net profit to Rs 6,412 crore, while revenue surged 76.5% to Rs 15,093 crore. EB...19 Oct, 2026, 05.09 PM IST
- IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoYIDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying pro...19 Oct, 2026, 08.57 AM IST
- Law ministry brings new rules for adjudicating court fee violations in Union territoriesThe Union law ministry has notified rules to address violations of court-fee and stamp-sale provisions in Union territories. The 2026 rules...18 Oct, 2026, 04.10 PM IST
- Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignoreGTRI has warned that Donald Trump’s waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washingt...17 Oct, 2026, 11.12 AM IST
- Private citizens can complain against candidates for false election affidavits: Supreme CourtThe top court said the restriction under Section 195 of the Code of Criminal Procedure (CrPC) will not come in the way of filing a complain...16 Oct, 2026, 08.47 PM IST
- Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...16 Oct, 2026, 12.45 PM IST
- ₹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
- Meerut Blue Drum Case: Muskan Rastogi and her lover Sahil Shukla get death sentence for murdering Saurabh Rajput after 13-month trialA Meerut court has sentenced Muskan Rastogi and Sahil Shukla to death for murdering Saurabh Rajput and destroying evidence in the March 202...14 Oct, 2026, 05.42 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
- Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...14 Oct, 2026, 01.13 PM IST
- Aeroflex Industries shares rally 13% ahead of key board meeting on expansion plansAeroflex Industries shares surged nearly 13% as investors awaited the October 14 board meeting to discuss expansion plans and capacity enha...12 Oct, 2026, 12.03 PM IST
- Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...09 Oct, 2026, 06.22 PM IST
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