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Legal● Neutral for Indian equities
Tax raid finds Rs 1.12 crore cash and Rs 4.34 lakh foreign currency at Delhi man's home; he fights case twice, sister-in-law's explanation helps brother-in-law win ITAT battle
The brief
- Officials found Rs 1.12 crore in Indian currency and foreign currency worth Rs 4.34 lakh
- The man won his ITAT case after his sister-in-law explained the cash
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends audit-report deadline to October 21 and ITR deadline to November 21
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- Tax audit deadline for AY 2026-27 is September 30, 2026