Income Tax
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Penalty Passed Beyond Extended Limitation Under Section 275 Quashed: ITAT Mumbai
CPC Adjustment Merges With Section 143(3) Scrutiny Assessment: ITAT Mumbai
Wrong Section 151 Sanction Invalidates Reassessment and Penalty: ITAT Delhi
Reassessment Quashed as PCIT Approval Invalid Beyond Three Years: ITAT Delhi
Third-Party Search Papers Cannot Sustain Uncorroborated Additions: ITAT Kolkata
Section 153C Assessments Quashed for Defective Satisfaction: ITAT Delhi
Mechanical Satisfaction Note Cannot Sustain Section 153C Proceedings: ITAT Delhi
On-Money From Property Sale Taxable as Capital Gains, Not Section 69A: ITAT Delhi
Section 143(1) Intimation Merges With Scrutiny Assessment on Same Issue: ITAT Mumbai
Section 68 Additions Raise No Substantial Question of Law: Calcutta HC
AO Cannot Demand Negative Proof for Section 270AA Immunity: Delhi HC
Foreign Bank Cannot Claim Domestic Tax Rate Under DTAA: Calcutta HC
Entire Bogus Purchase Addition Unsustainable When Sales Accepted: Calcutta HC
Pending CIT(A) Appeal Bars Parallel Writ on AO Jurisdiction: Delhi High Court
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.
