Taxpayer builds new house before selling old property, faces Section 54 dispute; ITAT Delhi quashes tax notice
A taxpayer who constructed a new house before selling his old residential property has won a case against the tax […]
Income Tax Recent News – 2026
Income Tax Dept flags ₹2.33 crore cash deposit; why taxpayers need a clear trail for large cash withdrawals
Withdrawing a large amount of cash from a bank account and depositing it again months later can raise questions from
Wife buys husband’s Rs 7.5 crore Mumbai property, ITAT allows tax benefit
Buying a residential property from one’s own spouse does not, by itself, make the transaction a colourable device to avoid
ITAT deletes ₹25 lakh tax addition over alleged flat cash payment; says taxpayer must get a chance to challenge evidence
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹25 lakh addition made to a taxpayer’s
Shell firms linked to ‘major business houses’ under income-tax scanner: Sources
The income-tax (I-T) department is investigating 394 entities and 36 professionals for suspicious foreign remittances, with their reported financial profiles
Sending money abroad? Why your transaction could draw tax scrutiny
The Income Tax Department’s crackdown on suspicious overseas remittances should be noted by businesses and individuals sending money. They should
India must protect tax base while ensuring investor certainty: Income Tax official
India needs to protect its legitimate tax base while providing policy stability and predictability to global investors as international taxation
Retired Income Tax officer loses Rs 51 lakh in ‘digital arrest’ scam; fake cops threatened 10-year jail
A retired Income Tax officer has been duped of Rs 51 lakh by fraudsters who posed as police officers from
Taxpayers more concerned about certainty than tax payment: CCIT Raman Chopra
Taxpayers are more concerned about certainty and predictability in tax matters than the payment of taxes, and providing such certainty
Property dealer deposits ₹54 lakh cash, faces tax demand: Why Delhi ITAT ruled the money was not his taxable income
f A property dealer who deposited ₹54 lakh in cash into his bank account and did not file an income
