Income Tax
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Borrowed Satisfaction Vitiates Reassessment – ITAT Quashes Reopening in Case of Alleged Bogus Purchases

Penny Stock Allegation Fails – ITAT Delhi upholds Exemption on LTCG

ITAT Delhi Deletes Addition on Alleged Bogus Loss from Client Code Modification – No Evidence of Misuse

ITAT Delhi Restricts Section 11 exemption Denial to Extent of Section 13 Violation

ITAT Delhi Quashes Assessments – Mechanical Approval u/s 153D Held Invalid

ITAT Remands Section 80G Rejection Over Religious Object Clause

ITAT Mumbai capped Bogus Purchases Addition at 12.5% Gross Profit

ITAT Pune Allows Belated Form 3CFA Filing for 115BBF Benefit

ITAT Delhi Condones 719-day Delay, Remands 12A Registration Application

ITAT Kolkata Remands Bogus Purchase Addition for Fresh Verification

ITAT Remands PF/ESI Disallowance Dispute to CPC for Fresh Verification

ITAT Upholds Deletion of Section 68 ₹1.5 Cr Unexplained Cash Credit addition

ITAT Patna Remands Section 57 Deduction Claim to AO for Fresh Examination

ITAT Sets Aside Penalty Order as core quantum appeal was pending
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.

