Income Tax
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Reassessment Quashed as Change of Opinion After Detailed Scrutiny: Bombay HC
Madras High Court Upholds Transfer of ITAT Member to Jabalpur
ITAT Hyderabad Quashes Reassessment for Invalid Section 151 Approval Beyond Three Years
ITAT Allahabad Deletes 7% Profit Addition After Rejection of Books
Bombay HC Restricts Bogus Purchase Addition to 12.5% of Purchases
Section 271D Penalty Quashed Where AO Recorded No Section 269SS Satisfaction
Gujarat HC Upholds 25% Addition on Unverifiable Creditors in Bogus Purchase Case
FAST-DS 2026: A Practical Guide for Taxpayers Holding Undisclosed Foreign Assets
Penalties U/s 270A and 271B Deleted for Bona Fide Delay by ITAT Pune
PF/ESI disallowance remanded; NBFC interest disallowance deleted by ITAT Pune
Time-Barred Reassessment Quashed and Cash Deposits Restricted to 2% by ITAT Pune
Income Tax Refund on Excess Recovery: Refund, Interest, Adjustment & Recovery Rules
Bogus Chapter VI-A Deductions Sustain Section 271(1)(c) Penalty: ITAT Pune
CIT(E) Cannot Make U/s 12AB and 80G Benefits Conditional on Future SC Outcome
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.
