ITAT: Co-Ownership Not Proof of Unexplained Income
Mumbai ITAT rules that being a co-owner in property doesn't automatically make one liable for unexplained investment if funds came from family. Case involves Rs 60 lakh addition overturned.
Category : GST & Taxation
ITAT: No Tax on Property Sale at Same Purchase Price
The Mumbai ITAT has ruled that capital gains tax cannot be levied if a property is sold for the same amount as its purchase cost, overturning a tax officer's assessment in a case involving a Rs 85 lakh transaction.
ITAT Denies Tax Exemption to Hyderabad Golf Association
The Income Tax Appellate Tribunal in Hyderabad has upheld the denial of tax exemption to Hyderabad Golf Association, ruling that its restaurant and bar operations exceeded the statutory commercial threshold.
IT Attaches Hyderabad Land in Suspected Benami Deal
Income Tax authorities provisionally attach 4.4 acres of agricultural land in Gajularamaram, Hyderabad, suspecting five individuals with modest incomes acted as benamidars in a Rs 23.4 crore cash transaction allegedly funded by an unknown beneficial owner
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ITAT Relief for Taxpayer Due to Digital Divide in Tax Notices
The Income Tax Appellate Tribunal has ruled in favor of a taxpayer who missed I-T notices due to lack of computer literacy, emphasizing justice over procedural rules in digital tax systems.
Income Tax Raids in Tamil Nadu Shops Before Assembly Polls
Income tax officials conducted extensive raids at textile and jewellery shops across Coimbatore, Tirupur, and Salem on Friday, with one operation targeting alleged distribution of sarees and dhotis to voters ahead of the April 23 assembly election.
7000 VAT Cases Pending for Fuel Dealers in MP, Deemed Assessment Urged
Nearly 7000 VAT assessment cases for petrol and diesel dealers are pending in Madhya Pradesh for FY 2024-25. Tax professionals urge the state government to implement a deemed assessment scheme to clear the backlog by the December 2026 deadline.
Hyderabad DGGI Arrests Two in ₹273 Crore GST Fraud Cases
The Directorate General of GST Intelligence in Hyderabad has arrested two individuals for allegedly orchestrating fake input tax credit networks through dummy firms, involving fraud of ₹260 crore and ₹13 crore respectively.
Benami Probe Finds ₹21.4 Crore Diversion from Hyderabad Institution
Income Tax Department attaches property in Medchal Malkajgiri after probe reveals alleged diversion of institutional funds via fake bills and duplicate accounts from a religious educational institution.
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Karnataka HC: Pigmy Agents Are Employees, Not GST Intermediaries
The Karnataka High Court has quashed GST notices, ruling that pigmy agents are bank employees, not intermediaries, exempting their salaries from GST. This landmark decision impacts banking and taxation sectors.
IT Dept Disposes 2.22 Lakh Appeals, 29% Growth in Efficiency
The Income Tax Department resolved 2.22 lakh appeals in FY 2025-26, a 29% increase from the previous year. This effort reduced disputes and enhanced taxpayer services through data-driven approaches.
I-T Dept Deploys 'Madhu Kar' for Taxpayer Guidance on New Rules
The Income Tax Department introduces 'Madhu Kar' as part of an outreach campaign to help taxpayers understand the new, simplified, and improved tax rules framework.
India's Tax Residency Rules for Global Professionals
Understand how India's tax residency rules differ from global standards, with a focus on physical presence tests, classifications like ROR and RNOR, and practical case studies for cross-border workers.
New PAN Card Forms Introduced by Income Tax Department
The Income Tax Department has introduced four new PAN card application forms—Form 93, 94, 95, and 96—to streamline the process for Indian residents, foreign individuals, and entities. Key changes include mandatory contact details, larger photos, and simpl
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Gujarat MSMEs Raise GST Concerns Over Refunds, ITC Blockages
MSMEs in Gujarat highlight delayed GST refunds, inverted duty structure, and input tax credit blockages as major liquidity challenges during a forum with tax officials.
Barber Faces ₹72 Lakh GST Notice for Business He Never Ran
A Vijayawada barber, Paidad Srinivasa Rao, faces a ₹72 lakh GST notice and frozen bank account over a scrap iron business he denies involvement in, causing financial and personal distress.
Coimbatore Advisor Jailed for Tax Evasion, Fined Rs 24.8 Crore
A Coimbatore court sentenced financial advisor B Fayaz Ahmed to two years of rigorous imprisonment and a Rs 24.8 crore fine for tax evasion in the 2015-16 assessment year.
Hyderabad Maintenance Costs Rise, Pushing Households into GST Bracket
Thousands in Hyderabad's gated communities are hit by increased maintenance charges and 18% GST, straining budgets with an extra Rs 3,000-4,000 monthly. Over 50,000 more households may now face this tax burden.
Hyderabad RWAs Seek GST Exemption on Maintenance Charges
Resident welfare associations in Hyderabad have petitioned the GST Council for relief from the 18% tax on maintenance fees, arguing it constitutes double taxation and burdens residents amid rising costs.
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DGGI Raids Tech Firms in GST Betting Probe Across Cities
The DGGI Hyderabad unit has conducted searches at three tech and fintech firms in Chennai, Mumbai, and Bengaluru as part of a GST irregularities probe linked to a multi-crore online betting case, seizing documents and digital evidence.
Punjab Tax Crackdown Recovers Rs 1,137 Crore in 2025-26
Punjab's taxation department recovered Rs 1,137.8 crore in 2025-26 through a crackdown on evasion, with penalties of Rs 1,383.1 crore imposed. Minister Harpal Singh Cheema highlighted a major enforcement jump, including eight FIRs and 15 arrests.
PAN Card Rules Changed from April 1: What You Need to Know
The Indian government has revised PAN card rules effective April 1, impacting linking with Aadhaar, application processes, and penalties for non-compliance. Stay informed to avoid issues.
UP Farmer Gets Rs 14.66 Crore Tax Notices in Identity Theft Case
A farmer in Uttar Pradesh's Budaun district has alleged identity misuse after receiving GST tax notices totaling Rs 14.66 crore. Authorities have formed a special investigation team to probe the matter.
Hyderabad DGGI Attaches Villa in Online Betting GST Evasion Case
The DGGI Hyderabad unit has provisionally attached a villa worth Rs 20 crore linked to Wegofin director YS Prabhu Kumar in a GST evasion case involving Rs 6,342 crore and 177 shell companies.
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CGST Busts Rs 10 Crore Tax Evasion Racket in Gurgaon
The CGST department uncovered a Rs 10 crore tax evasion scheme in Gurgaon and Mewat, arresting a key accused and seizing unregistered machinery in pan masala manufacturing units.
Hyderabad's 'Gold Man' Under I-T Scrutiny, Rs 1 Crore Gold Seized
Income Tax Department seizes gold worth Rs 1 crore from Yadgiri Chinna Goud, alias Dargah Chinna Pahilwan, in Hyderabad after social profiling reveals unaccounted wealth linked to his flashy public persona built around heavy gold jewelry.
Hyderabad 'Gold Man' Tax Raid: ₹1 Crore Seized Under New Law
Income Tax authorities in Hyderabad seized unaccounted gold worth ₹1 crore from Yadgiri Chinna Goud, known as 'Dargah Chinna Pahilwan'. This marks the first warrant issued under Section 247 of the new Income Tax Act, 2025, targeting individuals with flash
Punjab GST Up 12.5% in FY26, Beats National Average
Punjab's net GST collection increased to Rs 26,601.1 crore in 2025-26, marking a 12.5% rise from the previous year. Finance Minister Harpal Singh Cheema highlighted strong growth despite mid-year disruptions from GST 2.0 changes.
AP GST Collections Jump 10% in March, 6% Annual Growth
Andhra Pradesh recorded a massive 10% rise in net GST collections in March 2026, with overall growth of about 6% for FY 2025-26. The state outperformed southern peers through compliance and technology-driven monitoring.
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DGGI Visakhapatnam Arrests Fake ITC Racket Operator
DGGI Visakhapatnam has arrested T Venkata Swaroop Kumar for operating a fake Input Tax Credit racket through dummy firms, involving Rs 9.62 crore in fraudulent ITC. This marks the first arrest of FY 2026-27 in a case with earlier arrests.
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