« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Govt mulls tax cut on rental income for aged... PPF gets more favourable tax treatment: Pension regulator... » I-T dept to contest ITAT order in Maya gift case January, 21st 2008 In an attempt to insulate the Centre from the charge of shielding Ms Mayawati, the income-tax department is planning to challenge the Income Tax Appellate Tribunals (ITAT) clean chit to the Uttar Pradesh chief minister. In a recent order, ITAT had legitimised the cash and properties the chief minister had massed through the donation route. Ms Mayawatis political rivals have been charging the government with a brazen attempt to help the UP chief minister as ITAT order would provide her relief in the disproportionate assets case. The charges got credence when UP governor T V Rajeswar refused to sanction the prosecution of the chief minister in the Taj Corridor case. I-T officials involved in the investigations have been maintaining that the ITAT order will make it difficult to corner Ms Mayawati, who has acquired properties and huge amounts of cash in recent years. The chief minister has been maintaining that the properties were donated by BSP workers on various occasions. In an intriguing order, ITAT had endorsed the stand taken by Ms Mayawati when it said that the gifts were given to her out of affection. One may be impelled by his conscience or may be moved by emotions to part with his wealth or property and to give the same to a particular person for whom he has developed love and affection. Such a desire can be developed at any time and on any ground. The factors which weigh for executing such desire are best known to the donor. It is not easy to make probe into such human psychology or human emotions which one may carry at the time of making such sacrifices, the ITAT order had said. I-T officials have been maintaining that the tribunals order will have a significant fallout on the CBI probe into the disproportionate assets case against the BSP supreme. The chief minister and her relatives were found to be in possession of 72 immovable properties, besides Rs 13 crore she claimed to have mopped up through more than 300 small donations. The BJP had described the ITAT order as disturbing as it has the potential to be used by tainted politicians and bureaucrats in future.