Income Tax
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Successive Reassessment Notices Valid Under Same ‘Reasons to Believe’: Delhi HC
Full Section 54F Exemption Allowed for Joint Purchase Where Assessee Funded Entire Cost: ITAT Jaipur
P&H HC quashes Section 148 Notice for issue by JAO instead of FAO
Calcutta HC dismissed revenue’s appeal due to Low Tax Effect in Share Capital Addition Case
No Section 271(1)(c) Penalty for Unsubstantiated Portion of Section 54F Deduction: ITAT Chennai
Reassessment Proceedings Quashed for Ignoring Algorithm-Based Allocation Requirement
Reassessment Remanded for Fresh Hearing Due to Non-Adjudication on Merits of Section 50C issue
Revenue Appeal Dismissed by HC as Bogus Purchase Addition Became Pure Estimation Issue
Ex-Parte Order Quashed Due to Illness Preventing Timely Compliance
Bogus Purchase Disallowance Held in Abeyance Due to HC Pending Cases
Order Set Aside as CIT(A) Relied on Additional Evidence Without Remand Report
Addition Deleted as Based Solely on Unverified Third-Party Information Without Evidence Linking Assessee
Delayed Form 10B is Curable Procedural Lapse: ITAT Ahmedabad
No Section 143(2) Notice, No Jurisdiction: Reassessment Declared Null & Void
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.
