Income Tax
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No Capital Gains Without Transfer Under Development Agreement: ITAT Pune

Section 148 Reassessment Quashed for Skipping Approved Section 148A(a) Inquiry: Chhattisgarh HC

Charitable Trust Exemptions under Income-tax Act, 2025 (TY 2026-27)

Section 132B Interest Allowed on Seized Cash Refund Despite No Assessment: Jharkhand HC

Gross Profit Cannot Be Estimated Without Rejecting Books: Bangalore ITAT

Section 148 Notice Quashed for Lack of Section 151(ii) Approval: Hyderabad ITAT

Income Tax Addition Restored as Correct GSTR Figures Were Not Considered: ITAT Delhi

Section 148 Notice Quashed for Lack of Live Nexus with Old Broker Register Entry: Gujarat HC

Gross Profit Addition Reduced to 2% Based on Past Scrutiny Records & Comparable Cases: ITAT Pune

Section 56(2)(x) Cannot Apply to Genuine Corporate Loan: ITAT Delhi

Maximum Marginal Rate Inapplicable to Registered Society: ITAT Hyderabad

Section 12AB Appeal Dismissed as Infructuous After Registration Granted: ITAT Mumbai

Section 271(1)(c) Penalty Cannot Be Decided Before Quantum Appeal Disposal: ITAT Hyderabad

Section 68 Addition Deleted as Cash Deposits Explained from Books: ITAT Delhi
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.

