Homebuyer was denied Rs 10 lakh capital gain tax exemption by Income Tax dept for not depositing unutilised land sale gains in CGAS on time, he wins case in ITAT Che…

Guy sells land, gets Rs 10 lakh capital gains, files no ITR admitting this income, wins case in ITAT Chennai for this reason ...

Homebuyer denied Rs 10 lakh capital gain tax exemption by Income Tax dept for not depositing unutilised land sale gains in CGAS on time, he wins case in ITAT Chennai

Guy sells land, gets Rs 10 lakh capital gains, files no ITR admitting this income, wins case in ITAT Chennai for this reason ...
The Financial Express

Your queries: Electronics or vouchers received as gift not taxable

Understand the income tax implications of Diwali gifts from vendors (electronics, vouchers), whether GST is included in stamp ...
Tax Guru

Don’t Add Purchases Based on GST Portal Data Alone: ITAT Remands for Full Reconciliation

The ITAT ruled against mechanically confirming a large addition under Section 69C, stating that tax authorities must genuinely distinguish between procedural discrepancies and fraudulent inflation.
Tax Guru

ITAT Quashes Reassessment: Escaped Income Below Rs. 50 Lakh Bars Extended Time Limit Reason

This decision strengthens the protection against time-barred reassessment, emphasizing that the extended limitation under Section 149(1)(b) applies only if the escaped income is factually above ₹50 ...

IRS makes changes that will affect your taxes this year and next

From there, for tax year 2026, the IRS is adjusting the standard deduction for inflation — something it does every year. As a ...