Income Tax
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Uncertain Receipts Can Be Taxed Only on Realisation: ITAT Deletes ₹16.61 Cr Addition
Cross-Examination Denied & Evidence Ignored – ITAT Remands Bogus Donation Addition
No Additions Without Specific Incriminating Material: ITAT Delhi
Section 148 Notice Time-Barred, Reassessment Void Ab Initio: ITAT Delhi
ITAT Delhi Quashes Search Assessments Over Mechanical 153D Approval
Common & Ritualistic Section 153D Approval renders Assessment Void
Reassessment based on mechanical 148A(d) order without speaking reasons invalid
Unreal Interest Income Cannot Be Taxed – ITAT Delhi Deletes ₹3.60 Cr Addition
TDS Triggered Only on Crystallized Liability not on Estimates: ITAT Mumbai
Section 68/115BBE Not Applicable on Recorded Cash Sales – ITAT Deletes ₹7.04 Cr Addition
Under-reporting vs Misreporting Confusion Fatal to Section 270A Penalty: ITAT Delhi
ITAT Ahmedabad upholds PCIT’s Section 263 Action on Bogus donation racket
Cash Deposits from Son-in-Law’s NRE A/c during Demonetization – ITAT deleted Addition
ITAT Upholds 100-Bed Hospital Deduction u/s 35AD After Bed Strength Evidence
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.
