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The Latest Breaking News from Revenue

Delhi HC quashes seven ITAT orders in Patanjali case, flags 'shocking' procedural lapses and undue haste

The Delhi High Court has quashed seven orders passed by the Income Tax Appellate Tribunal (ITAT) in a batch of cross-appeals involving Patanjali Ayurved Ltd., terming the manner in which the Tribunal dealt with the matters a "shocking picture" of procedural lapses and opaqueness.

The Economic Times

NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITAT

The NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with all her tax-related compliance; hence, she was not made aware of the notices issued. Moreover, after becoming aware of her mistake, the lady even paid the tax liability with…

The Economic Times

8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respond

Employees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically point out discrepancies requiring immediate attention from the taxpayer. It is essential to understand the context of each notice to ensure proper compliance and effective dispute resolution. The Income…

The Economic Times

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Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employees

Contractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administrative supervision over timings, attendance and leave does not automatically create an employer-employee relationship. Know what ITAT Cochin said about TDS on salary paid to contractual employees.

The Economic Times

Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT said

Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party documents are not enough and the important rights every property buyer should know.

The Economic Times

Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reason

A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh refund. The Income Tax Appellate Tribunal (ITAT) Delhi intervened, ruling that withholding the refund on a technicality would amount to unjust enrichment. The tribunal emphasized…

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

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Rajesh Exports shares jump 5% after 30% crash in 7 days. How the alleged Rs 15.15 lakh cr fraud saga unfolded

Rajesh Exports shares hit the upper circuit after a steep seven-session decline triggered by SEBI’s interim order alleging large-scale revenue inflation. The company denied overstating revenue, attributed the issue to a reporting misunderstanding, and said it is cooperating fully while submitting supporting documents.

The Economic Times

Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi order

Rajesh Exports shares tumbled for a second consecutive session on Friday, taking the two-day decline to about 10%, after Sebi's interim order alleged large-scale financial irregularities. The regulator said its investigation and forensic review found prima facie evidence that 97-99% of the company's reported revenue may have been inflated.

The Economic Times

Maharashtra govt mandates use of Marathi for revenue hearings, orders

The Maharashtra government has mandated the use of Marathi in all revenue department quasi-judicial hearings and orders. A new standard operating procedure requires revenue officers to conduct hearings twice weekly. Adjournments will be limited to one instance for valid reasons. All orders must be uploaded digitally.

The Economic Times

Angela Rayner’s Hove flat: five questions for the deputy PM

What Rayner may be asked to explain about the arrangements behind her purchase of an £800,000 home

The Guardian - UK

Dramatic footage of Ireland’s largest drugs seizure released

Dramatic footage of the daring operation which led to the seizure of Ireland’s largest drugs haul onboard a container ship has been released.

Evening Standard

NZ Budget 2025: tax cuts and reduced revenues mean the government is banking on business growth

Not a lot is known about the government’s plans for taxes in the 2025 budget. Few tax policies have been announced so far, and what has been revealed involves targeted tax cuts for business interests.

The Conversation

IAS Officer Ajay Seth gets additional charge of Revenue Department

Senior IAS officer Ajay Seth belongs to 1987-batch of Karnataka cadre. Read further on Dynamite News:

Dynamite News

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Dynamite News

FIR to be lodged against IAS Amarnath Upadhyay, guilty of Maharajganj 'bulldozer abuse'; UP CBCID to probe; NH, PWD, Revenue, Municipality and Dist Admin officials in the loop; Police too in trouble

The historic order of the Supreme Court in the bulldozer case is currently making headlines in the media across the country. It has been discussed loudly among the general public for many days. Due to the black deeds of the then DM Amarnath Upadhyay, many other senior officials of Maharajganj…

The Hindu

Moolampilly evictees in Kerala to go for mass submission of applications in protest seeking promised jobs

Moolampilly Coordination Committee demands job opportunities promised in 2008 for families evicted for Vallarpadam ICTT project.

The Hindu

Rail-track doubling through Alappuzha: Land owners in Aroor demand a better due

The Aroor-based Association of Rail Doubling Affected (ARDA) has sought steps to redress the grievances of around 120 land owners when their land is acquired to double the 69 km Ernakulam-Ambalapuzh

The Hindu

AITUC criticises disciplinary action against its Joint Council leader

Revenue department had issue a show cause notice to Jayachandran Kallingal for his reported criticism against District Collector.

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The Hindu

VACB unearths racket involved in illegal alteration of land use pattern

VACB uncovers statewide land use alteration racket, exposing corruption in revenue offices and Local Level Monitoring Authority.

WEKU

Revenues a plus as Lexington City Council begins budget review

As Fayette County prepares for a new fiscal year budget, the revenue picture is positive. That’s according to Urban County Government Finance Commissioner Erin Hensley.

The Hindu

Only YSRCP can ensure development of Andhra Pradesh, says Dharmana Prasada Rao

Minister for Revenue Dharmana Prasada Rao and the YSRCP candidate for Srikakulam Assembly constituency on April 24 (Wednesday) said that only his party would ensure the welfare of the people and development of Srikakulam district, adding that it was evident from “the effective administration ensured in the last five years”.

The Hindu

BJP leaders yet to confirm Khadse’s return, says Fadnavis

Eknath Khadse plans to return to BJP, but Devendra Fadnavis says party has not confirmed officially.

The Hindu

Will re-join BJP within next 15 days, says NCP (SP) leader Eknath Khadse

Nationalist Congress Party (Sharadchandra Pawar) leader Eknath Khadse officially confirmed that he would be returning to the BJP within the next fortnight.

The Hindu

Mulapeta seaport will ensure speedy development of Srikakualm district, says Revenue Minister

The Hindu

Lone BRS MLA in Khammam district joins Congress

Tellam Venkat Rao joined the Congress in the presence of Chief Minister A. Revanth Reddy and Revenue Minister Ponguleti Srinivas Reddy.

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