Income Tax
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ITAT Quashes Assessment on Revenue’s failure to provide jurisdictional order

Delayed Filing of Form 10-IC – Substantive Right vs. Procedural Lapse

Seized Records Prove Brokerage, Yet Income Must Be Realistic: ITAT Jaipur

Time Calculated by Calendar, Not Clock: Jharkhand HC Quashes IT Notices for AY 2017-18

SC Dismisses Revenue Petitions, Follows Rajeev Bansal Judgment

Calcutta HC Quashes IT Notice for AY 2019-20 Over Lack of Personal Hearing

Limitation Period u/s 153C commenced from date of receipt of seized material by AO and not from date of search or notice

Dead Men Tell No Tales- CIT(A) Order Quashed as Passed Against Dead Person

Reassessment Notice Beyond Limitation – ITAT Quashes 148 Proceedings Against assessee

Redeposited Cash Cannot Be Treated as Unexplained: ITAT Delhi Deletes Addition

No reassessment if limitation period barred u/s 153(2) unless TPO reference u/s 92CA was involved in case of non-residents

MAT Credit Dispute: ITAT Mumbai Confirms Correct Set-Off for Assessee After Appeal

Delay in 70-Year-Old Deed No Bar: ITAT Restores 12A, 80G

No addition u/s 68 and 69C for Penny Stock case without any evidence
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.

