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The Latest Breaking News from AO

Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains why

Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.

The Economic Times

Wayne Taylor Racing ends IMSA win drought in chaotic Road America finish

Filipe Albuquerque and Ricky Taylor claimed the team’s first victory since Detroit in 2024 after Kévin Estre and Jack Aitken crashed on the final restart

Motorsport

ITAT Mumbai cancels income tax notice over Rs 8 crore compensation to tenants without their consent; rejects I-T department's contingent liability claim

Builder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent liability; ITAT Mumbai cancels tax notice and rejects tax dept's contention. Know the full details of what happened in this case.

The Economic Times

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Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT Bangalore

Landowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins case in ITAT Bangalore. Read the article to know the landowner won the tax case in ITAT Bangalore.

The Economic Times

Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITAT

Dolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The ITAT Chennai ruled she is an investor, not a trader, allowing the loss to be treated as a capital loss. This decision was supported by a 2016 CBDT circular…

The Economic Times

AO boss blames Labour as it shifts UK call centre roles abroad

About 150 jobs have already been lost in Bolton as the retailer reports 145% rise in profits and hands £20m to shareholders

The Guardian - UK

Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rules

A woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her favor, accepting her explanation for cash deposits from a property sale and sale of household items. The tribunal noted individual transactions for household items were below the Rs…

The Economic Times

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Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai

An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this money to buy an insurance policy in his son's name, leading to an 'unexplained cash credit' notice. ITAT Mumbai ultimately ruled in favor of…

The Economic Times

Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT Chennai

A Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying a new one from her son-in-law. The ITAT Chennai ruled in her favor, upholding the validity of registered documents and bank transactions, and deleting additions made…

The Economic Times

Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reduced

Manoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through the AIR mechanism and other departmental databases, the Income-tax Department noticed substantial cash deposits in the taxpayer's bank account. ITAT Mumbai, however, ruled in the assesse’s…

The Economic Times

AO Racing explains origins of “Sketchy” Porsche 911 GT3 livery

IMSA team introduces new character for Laguna Seca throwback event following Rexy’s success

Autosport

How AO Racing created “Sketchy”, the latest dinosaur Porsche fan favourite

New throwback livery brings Rexy origin story to life as demand grows for IMSA’s most popular 911 GT3

Motorsport

AO World profits at ‘top end’ of guidance despite cost pressures

The white goods and electricals retailer told shareholders that total revenues are expected to have grown by around 11% over the year to March.

Evening Standard

Current costs of running an air fryer vs. oven – the surprising truth about which one is actually cheaper to use

Air fryers have a reputation for being money-saving heroes, but new data shows that isn't always the case...

Woman & Home

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AAP

'Great opportunity': family man Tiley explains TA exit

Outgoing Australian Open boss Craig Tiley says his young children need a chance to be close to his American wife's family after accepting the USTA's top job.

Tom’s Guide

Alcaraz vs Djokovic REPLAY: Australian Open 2026 Men's Final free streams, TV channels & live updates

All the ways to watch Carlos Alcaraz vs Novak Djokovic as the two tennis titans face off in the Australian Open 2026 final.

AAP

Tiley wants women to play best-of-five sets at the AO

Tournament boss Craig Tiley has floated the idea of women being asked to play best-of-five-set matches from the quarter-finals onwards at the Australian Open.

AAP

'Just tough, so chill': Rybakina steeled for AO final

Elena Rybakina hopes past experience against world No.1 Aryna Sabalenka will hold her in good stead with the Australian Open crown on the line.

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AAP

'Doesn't get better': Djokovic on verge of slam history

Novak Djokovic has downed Jannik Sinner in an epic Australian Open semi-final battle and will meet world No.1 Carlos Alcaraz in the title decider.

AAP

'Not going to happen': Sabalenka set for AO redemption

After losing her crown last year, Melbourne Park queen Aryna Sabalenka is intent on regaining the Australian Open title in a rematch of the 2023 final.

AAP

'Unbelievable': Aussie wildcards make AO doubles final

With first-time partner and fellow Aussie Marc Polmans, Jason Kubler is into the Australian Open men's doubles final for a second time as a wildcard entrant.

AAP

Resurgent Zverev eyes huge upset against Alcaraz

Carlos Alcaraz has warned Alexander Zverev he will need to "sweat a lot" if he plans to win their AO semi-final.

AAP

'What was that game plan?': analyst questions de Minaur

Opinions in the tennis world are divided as to where Alex de Minaur goes next after a seventh grand slam quarter-final loss ended his Australian Open campaign.

AAP

De Minaur outclassed by ruthless Alcaraz in AO defeat

Home hope Alex de Minaur has suffered a straight-sets Australian Open quarter-final defeat to career grand slam-hunting world No.1 Carlos Alcaraz.

AAP

Happy, fit again Zverev books Open final-four berth

Alexander Zverev has advanced to a 10th grand slam semi-final, the second most of active players behind only 10-time Australian Open champion Novak Djokovic.

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