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REASSESSMENT PROCEEDINGS
Shapoorji Pallonji Group rethinks 18.37% Tata stake sale, valued at Rs 2.3 lakh croreShapoorji Pallonji Group is rethinking its Tata Sons stake sale plans. The Reserve Bank of India has directed Tata Sons to comply with list...14 Sep, 2026, 09.26 AM IST- Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...14 Sep, 2026, 07.00 AM IST
- The cookie jar: Rs. 403 crore of expected losses simply disappeared, and turned into profit. Nobody had earned a rupeeA provision is simply management's estimate of a future cost the company can already see coming: Repairs under warranty, a lawsuit it might...11 Sep, 2026, 06.05 PM IST
- HC strikes down retrospective tax law amendment; over 2 lakh taxpayers get relief, all eyes on Supreme CourtThe high court's recent ruling has dealt a significant blow to a controversial retrospective tax law, impacting around two lakh taxpayers. ...11 Sep, 2026, 01.14 AM IST
- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...10 Sep, 2026, 07.00 AM IST
- Global Market: Yen carry trade under pressure as currency surge raises unwind fearsJapan's yen has reached a seven-month high, impacting global financial markets. Investors are reassessing the yen carry trade strategy due ...09 Sep, 2026, 02.29 PM IST
- A mistrial is declared in the murder case against Lindsay Clancy. Here's what could happen nextLindsay Clancy's murder trial concluded with a mistrial after jurors could not agree. The former nurse faces murder charges for strangling ...05 Sep, 2026, 06.31 AM IST
- Sales didn't move, the profit went up. Here's the trick which is used to do thisHere is one that should make you look twice at any company you own. A company paid a supplier Rs. 394 crore, described in its accounts as a...04 Sep, 2026, 08.33 PM IST
- GST 2.0 gives auto, economy a fresh gear; India car market seen at 6.3 million by 2031: Maruti ChairmanMaruti Suzuki Chairman RC Bhargava credits GST reforms for economic impetus and growth. The Indian car industry is projected to reach 6.3 m...31 Aug, 2026, 12.46 PM IST
- Fed, BOJ, AI Boom and Elections: What markets are watching nextAs traders emerge from their holiday break, global markets brace for fluctuations. The ongoing geopolitical tensions keep energy prices in ...28 Aug, 2026, 02.42 PM IST
- 99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...28 Aug, 2026, 01.59 PM IST
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...26 Aug, 2026, 04.32 PM IST
- Disquiet grows over AI's dangers: Gates sets tone for pivotal one-on-one with Xi as a race against time beginsAI risks: A key proposal Bill Gates plans to raise is international monitoring of AI systems capable of designing molecules or assisting bi...26 Aug, 2026, 02.49 PM IST
- OBC creamy layer case: Supreme Court agrees to consider setting up special benchThe Supreme Court is set to consider setting up a special bench regarding the OBC creamy-layer ruling, which holds significance for the sel...25 Aug, 2026, 04.14 PM IST
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...24 Aug, 2026, 04.27 PM IST
- Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...20 Aug, 2026, 05.08 PM IST
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...19 Aug, 2026, 12.26 PM IST
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