Income Tax
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ITAT Quashes 263 Order as PCIT Withheld Adverse Material & Ignored Evidence of Genuine Purchases
“Dumb Documents” Seized from Third Party Cannot Justify Income Addition
Section 14A Amendment Not Retrospective & AMP Adjustment Not an International Transaction: Delhi HC
ITAT Deletes Tax Additions Based on Uncorroborated Dumb Diaries & Retracted Statements
Addition Based on Retracted Third Party Statement Without Cross-Examination Invalid
Madras HC grants stay on recovery; keeps matter pending awaiting SC verdict in Hexaware case
Section 148 Notice Based on ‘Factually Erroneous’ Transaction Year Invalid: Delhi HC
Rubber-Stamp Approval of 246 Assessments Struck Down by Delhi HC
Reopening Based Only on ACB Report: ITAT Quashes All 147 & 263 Orders
No Retrospective Cancellation: ITAT Rejects PCIT Action on 12A/12AB Without Section 120 Order
ITAT Confirms ₹36.59 Cr Addition for Bogus Sale of Shops via Accommodation Entry
Sale of Leasehold Property Not Hit by Section 50C & Full 54G Exemption Allowed: ITAT Grants Complete Relief to Assessee
ITAT Delhi deletes TDS demand – Repair/Replacement of spare parts is NOT Fees for Technical Services
No Fresh 80-IA Claim Allowed in 153A Return for Completed Assessment
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.
