Income Tax
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P&H HC Dismisses Revenue Appeals as Assessee Was Denied Cross-Examination
ITAT Delhi Holds Section 143(3) Assessment Invalid Where Section 153C Applied
MP HC Rejects Revenue Appeal for Failure to Establish Perversity in ITAT Order
Earlier Reassessment Litigation Cannot Extend Section 149 Limitation: Delhi HC
Delhi HC Dismisses Revenue Appeal as Search Assessment Was Beyond Six-Year Limit
SC Disposes Reassessment SLPs Following Rajeev Bansal Ruling
Bombay HC Quashes Section 148 Reassessment Orders & Notices Following Precedent
SC Directs AO to Decide Reassessment Objections as Per Rajeev Bansal
Gujarat HC Holds Amended Section 149 Cannot Revive Time-Barred Reassessment Notices
P&H HC Rejects TNMM as CUP Method Was Consistently Accepted in Assessee’s Case
ITAT Delhi Upholds CUP for Royalty as Consistent with Earlier Rulings
HC Accepts ₹9 Crore Demonetisation Cash Sales Supported by Books & Stock Register
Rental Income from Stock-in-Trade Properties Taxable as Business Income: Bombay HC
ITAT Chennai Deletes Domestic TP Adjustment Under Section 92BA(i) After Omission
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.
