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The draft income tax rules for 2026 and the related documents were released by the income tax department on February 8, 2026, for the stakeholders' comments and feedback.

Income Tax Act 2025: New Changes in Income Tax Rules from April 1, 2026

You can’t claim LTCG exemption by just buying a plot of land; you must construct a Residential House within 3 years.

Section 54 LTCG Exemption: Can You Claim It by Buying a Plot?

Judgement

ITAT held that Section 115JB (MAT) does not apply to a foreign company without a PE in India and quashed the Section 263 revision order, allowing exemption on Rs. 149.37 crore LTCG.

ITAT Delhi Quashes Section 263 Revision: MAT Not Applicable on Foreign Entity in Absence of PE

The Tribunal accepted his explanation, noting that the amount was invested out of the income earned by the assessee in Dubai, which was invested in property.

ITAT Ahmedabad Deletes Rs 56 Lakh Addition in NRI Property Investment Case

Taxpayer Bound by Self-Assessment; Higher Tax Rate Under Section 115BBE Upheld

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court

Once income estimated at 3% of stock put to sale, cash deposits from retail liquor sales cannot be treated as unexplained money

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Income Tax Act 2025: New Changes in Income Tax Rules from April 1, 2026

Section 54 LTCG Exemption: Can You Claim It by Buying a Plot?

ITAT Delhi Quashes Section 263 Revision: MAT Not Applicable on Foreign Entity in Absence of PE

ITAT Ahmedabad Deletes Rs 56 Lakh Addition in NRI Property Investment Case

Voluntary Disclosure of Income Cannot Be Retracted Without Proof of Coercion: High Court

ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits After Estimating Liquor Business Profits