Income Tax
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Non-Speaking Order Set Aside – ITAT Sends ₹7.26 Cr Capital-Gain Dispute Back to CIT(A)
Section 56(2)(x) Addition Sent Back as AO Completed Assessment Without DVO Report
Time-Barred Assessment Quashed for Exceeding 10-Year Limit
Disallowance Remanded Because U/s 13A Exemption Not Automatic for TDS
Incomplete Rule 46A Verification Leads to Fresh Inquiry Into ₹7 Crore Purchases
CIT(A) Condoned Quantum Delay but Not Penalty? ITAT Corrects the Inconsistency
CIT(A) Mistaken on VSVS Leads ITAT to Remand Quantum Appeal
AO Didn’t Enquire, CIT(A) Did; Ad-Hoc Additions Crumble; Proper Evidence Beats Estimate
Tribunal Upholds JAO Reassessment Despite Faceless Procedure Requirement
Tribunal Orders Fresh Probe on Rs. 5.24 Cr Land Addition Over 8-km Claim
Section 68 Cannot Apply When No Credit Exists: Tribunal Rejects ₹49.98 Lakh Allegation
Case Restored Because Form 26AS Alone Cannot Justify Taxing Rs. 3.65 Crore
Delhi HC Upholds Prosecution in ₹348 Crore Tax Evasion Case
Interest Paid Deduction Upheld Despite AO’s Re-Examination
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.
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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.
