Income Tax
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Common 153D Approval for Multiple Years Invalidates Entire Assessment: ITAT Allahabad
Reopening Quashed as Original Reason for 147 Fails – No Other Additions Can Survive
When AO Relies Blindly on Old Penny-Stock Data, Reopening Cannot Stand
Tribunal’s Fact-Based Remand Cannot Be Challenged Under Section 260A: Telangana HC
Sale of share treated as capital gain since no specific amount assigned towards non-compete fee
Late ITR Filing Permitted for Genuine Hardship from Rainfall Disruption & System Issues
Section 13(1)(b) Cannot Be Applied at Trust Registration Stage: ITAT Ahmedabad
Inordinate Delay in Satisfaction Note Invalidates Section 153C Notice: Gujarat HC
ITAT Orders Reconsideration of 80G Denial After 12AB Approval
100% Bogus Purchase Addition Restored by SC as Partial Disallowance Found Contrary to Section 69C
Change of Opinion Not 263: PCIT’s Roving Enquiry Direction Held Illegal
JAO cannot issue Section 148 notices when faceless mechanism applies: AP HC
Revision Fails: PCIT Cannot Invoke 263 Without Making the Very Enquiry He Says AO Missed
Appeal Rejected Due to 300-Day Delay: Tribunal Refuses to Entertain 80P Deduction Claim
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
