Can one co-owner be taxed alone on property value and stamp duty difference? What ITAT says
In an important ruling, the Mumbai bench of the Income Appellate Tribunal (ITAT) has held that when a property is
Income Tax Recent News – 2026
₹41.69 lakh cash deposit and no ITR: What ITAT Bangalore’s ruling means for taxpayers who miss tax notices
A Bengaluru taxpayer who claimed that his wife and father paid his expenses and that he was unaware of income-tax
Direct Tax Reforms: Parliamentary panel to meet today to discuss simplifying taxes
The Parliamentary Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, will meet on September 3 to discuss “Direct
FAST-DS 2026: Income Tax Department makes Form 1 available for declaring undisclosed foreign assets
The Income Tax Department has made Form 1 available on the e-Filing portal for taxpayers seeking to declare undisclosed foreign
Tax on share profits: When can Income Tax reject your LTCG claim? Mumbai ITAT’s ₹85 lakh ruling explained
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹85.35 lakh addition made against a taxpayer
ITAT Mumbai ruling: ₹16.64 lakh cash seized in tax raid, taxpayer wins ₹8.87 lakh unexplained cash dispute
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an ₹8.87 lakh addition made under Section 69A of the Income-tax
Income Tax E-Filing Portal Enables Dedicated Grievance Facility For Reporting Corruption, Misbehaviour And Harassment
The Income Tax e-Filing Portal has enabled a dedicated grievance facility for taxpayers to report complaints relating to corruption, misbehaviour,
Man Declared Rs 1.79 Lakh Income Tax; ITAT Gives Him One Last Chance
A taxpayer who declared income of just Rs 1.79 lakh found himself facing additions of more than Rs 11.22 crore
Karnataka university wins 14-year tax battle, recovers Rs 700 crore using RTI
After a 14-year-long struggle, the Belagavi-headquartered Visvesvaraya Technological University (VTU) has recovered Rs 700 crore in frozen corpus funds belonging
Income Tax On Family Gold: Nagpur ITAT Quashes Addition On Jewellery Found During Search
Gold is more than an asset in India as it holds cultural value along with its financial value. Families often
