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CBDT’s Income Tax (Fifth Amendment) Rules, 2026 revise Form 141 and introduce Schedule E for detailed TDS reporting on immovable property transactions, particularly purchases from non-resident sellers.

CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

Judgement

ITAT condoned a 1,008-day delay and directed the CIT(A) to decide the Rs 87.14 lakh tax additions dispute on merits instead of dismissing the appeal on limitation grounds.

ITAT Condones 1,008-Day Delay, Remands Unexplained Immovable Property Investment Case to CIT(A)

The High Court held transfer of long-term leasehold rights constitutes Transfer of Immovable Property and cannot be taxed under GST


High Court Held That Assignment of GIDC Leasehold Rights Not Liable to GST

ITAT Deletes Section 69 Addition as Property Purchase Was Already Disclosed in Return Filed Under New PAN

Assessee bought a flat at a lower price than stamp value; ITAT held booking date value applies (not registration date) and deleted the ₹29.22 lakh addition under Section 56(2)(x).

ITAT Recognizes Booking Date for Valuation of Immovable Property for Income Tax

HC rules that transfer of leasehold rights in GIDC land is not taxable under GST as it constitutes immovable property.

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CBDT Amends Income Tax Rules 2026, Introduces New TDS Reporting Requirements for Property Transactions

ITAT Condones 1,008-Day Delay, Remands Unexplained Immovable Property Investment Case to CIT(A)

High Court Held That Assignment of GIDC Leasehold Rights Not Liable to GST

ITAT Deletes Section 69 Addition as Property Purchase Was Already Disclosed in Return Filed Under New PAN

ITAT Recognizes Booking Date for Valuation of Immovable Property for Income Tax

HC Rules GST Not Leviable on Transfer of Leasehold Rights in GIDC Land