Income Tax
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Objections Not Disposed = Reopening Void: ITAT Delhi Affirms CIT(A), Quashes 147 Assessment
Employee Cannot Be Taxed for Employer’s TDS Default: ITAT Kolkata
PCIT’s 263 Revision on Interest-Free Loan to Partner Invalid as AO Made Due Enquiry
Labour Union Payment Held Business-Driven: ITAT Mumbai Allows Deduction u/s 37(1)
Section 153C Notices Beyond 10 Years Invalid: ITAT Delhi Quashes Assessments
Notice by Jurisdictional AO, Assessment by NFAC Held Invalid: ITAT Quashes Entire 147 Proceedings
Reopening on Mere Suspicion and Vague Copy-Paste Reasons Held Invalid
ITAT Delhi Quashes Reopening for Invalid Section 151 Approval
ITAT Mumbai Quashes Reassessment as Notice Issued by Non-Jurisdictional AO
LTCG Addition Remanded as CIT(A) Failed to Allow Rebuttal Opportunity
100% Addition Upheld for Bogus Purchases After Failure to Prove Genuineness
CBDT Clarifies Procedure for MAP Outcomes in Pending Appeals
ITAT Kolkata: 40(a)(ia) Disallowance Deleted for TDS @2% on DTP/Composing Work
Change of Opinion Cannot Justify Reopening: ITAT Quashes 147
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.
