Income Tax Archives

ITAT Mumbai Denies Tax-Neutral Demerger: Why the Holding Company’s Shares Weren’t Enough

Case Law / August 9, 2026 / Corporate Restructuring, Demerger, Income Tax, Income Tax Case Law, Income-tax Act 1961, ITAT, Section 2(19AA)

ITAT Mumbai denies ₹240+ crore in carried-forward losses in Sterling Holiday Resorts Ltd. v. DCIT, holding that a holding company’s shares cannot substitute for the resulting company’s own share issuance under Section 2(19AA) of the Income-tax Act.

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Income Tax

High-Value Financial Transactions Reported to the Income-tax Department: The Complete Rule 114E Guide

Income Tax / August 4, 2026 / AIS, Breaking, Compliance, Featured, Form 26AS, High Value Transactions, Income Tax, income tax notice, Rule 114E, Section 270A, Section 285BA, SFT, TDS

Which bank deposits, property deals and card payments get reported to the Income-tax Department under Rule 114E — thresholds, penalties, and what to do about AIS mismatches.

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Illustration representing the four components of a REIT or InvIT distribution: interest, dividend, rental income and capital repayment

Income Tax

REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly

Income Tax / August 4, 2026 / Capital Gains, Cost of Acquisition, Dividend, Finance Act 2025, Income Tax, Interest Income, Investment Taxation, InvIT, REIT, Section 115BAA, TDS, Trending

A REIT or InvIT payout can bundle interest, dividend, rental income and capital repayment in one distribution — each taxed differently. Here’s how to read your statement correctly, including two rules commonly stated backward.

REIT & InvIT Distributions: Why Reporting the Entire Payout as One Income Figure Can Be Costly Read Post »