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  • Man sold two properties for Rs 47.54 lakh and received cash payments for them; he paid capital gains tax, yet faced penalty, but ITAT Cuttack cancels it because tax officer invoked wrong section

Man sold two properties for Rs 47.54 lakh and received cash payments for them; he paid capital gains tax, yet faced penalty, but ITAT Cuttack cancels it because tax officer invoked wrong section

TOI Business Desk / TIMESOFINDIA.COM / Nov 10, 2026, 14:09 IST


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The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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