Income Tax
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No Cross-Examination, No Addition: ITAT Deletes ₹1.09 Crore “Entry Operator” Loan Addition
Dead Person Can’t Be Assessed: ITAT Quashes Entire Assessment Despite AO Being Informed of Death
Suppliers Ignoring Section 133(6) Notices Alone Can’t Make Purchases Bogus: ITAT Gives Fresh Lifeline to Liquor Trader
Bombay HC Quashes Reassessment as Limitation Expired Before Assessment Order Was Passed
ITAT Deletes Addition as Sale Value & Stamp Duty Alone Cannot Prove Cash Payment
ITAT Delhi Deletes Section 69A Addition as Excess Agricultural Income Was Declared by Mistake
ITAT Delhi Deletes IDS Addition as Income Was Taxed in Wrong Assessment Year
ITAT Kolkata Allows Foreign Tax Credit Despite Late Filing of Form 67
ITAT Delhi Rejects Revenue Appeal Over Presumptive Taxation & Jewellery Additions
ITAT Remands Section 54F Dispute Due to Non-Consideration of Evidence
ITAT Rejects MAT Addition as Company Validly Opted for Section 115BAA Concessional taxation
ITAT Delhi Rejects Appeal as AO’s Situs Determines Territorial Jurisdiction
ITAT Accepts Spam Folder Explanation as Reasonable Cause for Missing Tax Notice
ITAT Quashes Section 153C Assessments As AO Recorded Improper Satisfaction
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.
