Income Tax
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CIT(A) Misreads Jewellery Sale as Purchase: ITAT quashes Cash Deposit Addition
No Fair Hearing, No Valid Assessment – ITAT Backs Remand for Fresh Inquiry
ITAT reduces Unexplained Deposit Addition from ₹2.28 Crore to ₹63,133
Sale of Gold Bar through Bank Proved Genuine – ITAT Deletes Addition u/s 69A
ITAT Deletes ₹3.94 Crore TP Adjustment for Captive Software Provider
AO Jumped the Gun – Final Order Passed Before DRP, ITAT Hits Reset
No Property, No Proof, No Mind – ITAT Slams “Blind” 147 Reopening & Upholds Quash
ITAT Deletes Protective Addition: Revenue Failed to Corroborate ₹9.7 Crore Payment Evidence
Assessment Set Aside for Non-Issuance of Notice u/s 143(2)
Section 147 Reopening Validity: When Search Information Doesn’t Require Section 153C
Kerala HC Allows Open Remand in Section 2(22)(e) Deemed Dividend Case
ITAT Visakhapatnam Restores Bank Deposit ₹6.37 cr Addition Case for Reconsideration
Karnataka HC Rejects FTS Tax Appeal Due to Tax Effect Below Threshold
ITAT Quashes Ex-Parte Order in Real Estate Case, Mandates Fresh Hearing
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.
