Income Tax
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Order of Competent Authority granting or refusing sanction u/s. 151 is not appealable order
Section 148A Proceedings Cannot Cure Invalid Old Reassessment Notice
Final assessment order u/s. 153A without issuance of draft assessment order u/s. 144C is void
Bogus Purchases Don’t Justify 100% Addition When Sales Are Accepted
Participation Does Not Validate Notice Issued by Wrong Officer
Survey-Based Suspicion Not Enough: AMP & Credit-Note Payments Allowed by ITAT
Faceless Reassessment Is Mandatory: Chennai ITAT Sets Aside 69A Addition Despite Cash Deposits
Only Profit Element Taxable Where Purchases Are From Suspected Hawala Parties
Mechanical Dismissal Fails as CIT(A) Skips Speaking Order
SC Dismisses Reopening Beyond Four Years Due to Change of Opinion
Bombay HC Quashed Reopening After Four Years Due to Change of Opinion
SC Upholds Bar on Reopening After Four Years for No Disclosure Failure
Reassessment Quashed for Change of Opinion on Promotional Expenditure
Reassessment Quashed Due to Change of Opinion After Scrutiny
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.
