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UNEXPLAINED PROPERTY INVESTMENT
Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reason- Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT Bangalore
- Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rules
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...02 Jun, 2026, 07.11 AM IST
- Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investmentAn NRI working in Dubai since 1993 successfully challenged a tax notice for unexplained property investment in India. The ITAT Ahmedabad ru...27 Feb, 2026, 02.37 PM IST
- Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local incomeA close reading of the budget documents shows that a person can slip away by proactively paying a significantly lower amount on unexplained...06 Feb, 2026, 05.30 AM IST
- Lady sells property for Rs 94 lakh, gets Rs 38 lakh in cash; files no ITR, gets tax notice for unexplained income, wins case in ITAT MumbaiA homeowner who sold property for Rs 61 lakh and received Rs 38 lakh in cash has won a tax case. The Income Tax Appellate Tribunal Mumbai r...31 Dec, 2025, 11.18 AM IST
- Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT AhmedabadThe Income Tax Department sent a tax notice to a husband deeming he bought new flat using Rs 48 lakh cash and had Rs 1.5 crore unverified a...17 Dec, 2025, 11.59 AM IST
- Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; he fights back and gets relief from ITAT MumbaiMan returns to Mumbai with Rs 2 crore savings after working in Dubai, United Arab Emirates (UAE) for 20 years to buy property; tax dept sen...15 Dec, 2025, 08.00 AM IST
- ED probes foreign funds, cash deposits and unexplained investments linked to Al Falah TrustThe Enforcement Directorate is examining foreign funds, large cash transactions and alleged unexplained investments linked to Al Falah grou...20 Nov, 2025, 11.54 PM IST
- Wife gets tax notice for purchasing Rs 51 lakh property but not filing ITR, she fights back and wins in ITAT AhmedabadA Mumbai woman, Mrs. Sood, successfully appealed an income tax notice for an alleged unexplained Rs 51 lakh property investment. The Income...14 Nov, 2025, 07.03 PM IST
- Tax dept’s Rs 22-crore notice based on WhatsApp chat struck down by ITAT Delhi for lack of credible proofDelhi's Income Tax Appellate Tribunal (ITAT) has quashed a Rs 22 crore tax notice issued to a taxpayer based solely on WhatsApp chats found...04 Nov, 2025, 08.16 AM IST
- Taxpayer with unexplained investment gets part relief in ITAT Delhi due to his socio-economic status, know what it meansOn September 2, 2025, ITAT Delhi granted partial relief to taxpayer Husain, reducing his unexplained investments from Rs 7.82 lakh to Rs 1....30 Sep, 2025, 06.58 AM IST
- Taxman may get more power to demolish benami realty dealsTo combat benami property deals, a CBDT panel suggests stricter measures, including access to Aadhaar data and property registries. The rec...25 Aug, 2025, 12.13 AM IST
- Taxpayer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical groundsIn 2025, an Indian engineer working in Dubai, won a tax case against the Income Tax Department regarding a Rs 69-lakh 'unexplained investme...18 Jul, 2025, 05.28 PM IST
- I-T dept unearths undisclosed income of Rs 1,000 crore from searches in Tamil Nadu"The searches, so far, have resulted in the detection of undisclosed income of more than Rs 1,000 crore. Unaccounted cash of Rs. 1.2 crore ...07 Mar, 2021, 01.34 PM IST
- I-T department carries out search and seizure operations on real estate firm in Srinagar and DelhiTotal undisclosed investments and cash transactions of Rs 105 crore of the group, have been unearthed during the search, the Central Board ...22 Oct, 2020, 11.02 PM IST
- I-T dept unearths tax evasion and unexplained investments amounting to Rs 50 cr in J-KThe operation conducted on a prominent hotelier led to seizure of incriminating documents showing unexplained investments in immovable prop...17 Sep, 2020, 03.17 PM IST
- Inbound M&A deals on I-T department's radar; total tax demand may exceed Rs 4,000 croreThe 40 Indian companies that got the tax demand include Credit Suisse, Godrej Properties, Kohinoor Infrastructure and Carat Media, accordin...12 Oct, 2015, 06.13 AM IST
- How to avail benefits after new tax amendments in property transactionsAll tax payers are advised to carefully enter into property transactions in particular and not to make any unexplained investment in the Re...12 May, 2012, 02.26 PM IST
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