Income Tax
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Reopening on Borrowed Belief from ACB Quashed – Tribunal holds 147 invalid & 263 unsustainable
Late Tax Payment Not Wilful Evasion: Madras HC Quashes Section 276C(2) Prosecution
Precision in Penalty: Why Misreporting Must Be Pinpointed Under Section 270A
Reassessment Quashed: Karnataka HC Rules AO Exceeded Jurisdiction Under Section 151A
Section 263 Order Quashed: Adverse Material Not Shared on Alleged Bogus Purchases
Reassessment Quashed: AO Lacked Jurisdiction Under Faceless Regime Section 151A
Re-assessment Quashed as Notice Issued by PCIT instead of Principal Chief Commissioner
Unexplained Income Reduced from ₹10 Cr to ₹2.22 Cr, Commission to 1% in entry transaction case
ITAT Condones 146-Day Appeal Delay Due to Assessee’s Absence from India
Assessment Order in Deceased Assessee’s Name Not Sufficient to Quash Proceedings
Hawala Purchase Additions restricted to 15%, Typo Not Justify Full disallowance
CBDT issues Income Tax Search & Seizure Manual 2025
CBDT releases Advance Pricing Agreement Programme Annual Report 2024–25
ITAT Delhi Deletes 25% “Bogus Sales” Disallowance; Section 37 Not Applicable to Sales
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.
