Income Tax
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Reassessment Quashed: Undated PCIT Approval Invalid u/s 151
Entire Reopening Invalid Due to Lack of Proof of Section 148 Notice Service: ITAT Delhi
CIT(A) Cannot Dismiss Grounds as “Not Adjudicated”: ITAT Delhi
Reassessment Quashed for Non-Issuance of Mandatory Section 143(2) Notice
ITAT Delhi Quashed Section 153C Assessment for Failing ₹50 Lakh Threshold
Recorded Real Estate Sales Defeat Section 69A Addition on Political Donation: ITAT Delhi
Delhi HC Slams Arbitrary Income Tax Reopening, ₹1 Lakh Cost per Case
Assessment u/s 143(3) Invalid When Case Falls in 153C Block Period: ITAT Delhi
148 Notice for AY 2015-16 Time-Barred After Rajeev Bansal – Reassessment Quashed
Section 271(1)(c) Penalty Set Aside for Vague Limb in Notice: ITAT Delhi
Notional Rent Deleted for Unsold Villas Held During Pandemic: ITAT Bangalore
Section 153A Invalid Where No Incriminating Material Found in Search: ITAT Delhi
Belated Return Under Section 148 Still Requires 143(2) Notice: ITAT Delhi
Contribution to State Nodal Agency Allowed as Application of Income
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.
