Income Tax
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No Year-Specific Satisfaction, No Valid U/s 153C Proceedings
Section 148 Notice Invalid Due to Defective Sanction: ITAT Delhi
Demonetisation Cash Sales: ITAT Rejects Full Section 68 Addition, Applies GP Estimation
One-Day PF Delay Excused Where Payment Was Impossible
CIT(A) Cannot Remand Assessment on Wrong Legal Assumption: ITAT Chandigarh
ITAT Deletes Addition Causing Duplicate Disallowance of Expenses
Assessment Quashed for Using Section 143(3) After Search Proceedings Began
Unsigned Notice: ITAT Ahmedabad Quashes Reassessments as Void ab initio
Capital Gains Tax of ₹2.28-Crore was set aside on Housing Society for developer payments to members
Unsigned Seized Agreement Cannot Prove Cash Receipt: Section 69A Addition Deleted
Addition u/s. 69A deleted as cash duly recorded in books of accounts
Additions Based on mere Third-Party Loose Papers Quashed by ITAT Pune
Writ dismissed as efficacious remedy available under section 26 of Benami Act
Reassessment Quashed as Jurisdictional AO Lacked Faceless Authority: ITAT Hyderabad
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.
