tax assessment Archives

ITAT Mumbai Verdict: Engineer Cleared In Rs 69 Lakh Unexplained Income Case

DainikNews Live Admin4 months ago07 mins

Last Updated:November 15, 2025, 4:59 PM IST The ITAT’s ruling highlighted complications faced by taxpayers in high-value financial transactions after an engineer argued against an Assessing Officer. The taxpayer reported investments worth Rs 69 lakh. (representative image) The Income Tax Appellate Tribunal (ITAT) in Mumbai recently deleted a major addition made by the tax authorities…

Buying Jewellery On Cards But Not Keeping Bills? This Rs 1.65 Crore I-T Case Says Why It Matters

DainikNews Live Admin5 months ago05 mins

Last Updated:October 25, 2025, 1:36 PM IST Income Tax Appellate Tribunal ruled for a man in a Rs 1.65 crore jewellery case, saying assets in his wife’s tax returns can’t be taxed again, ending a long dispute Experts advice proper documentation for high-value purchases to avoid disputes. The Income Tax Appellate Tribunal (ITAT) has ruled…