Income Tax
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Deletion of additions u/s 68 was justified as assessee proved creditworthiness of lenders

No Addition u/s 68 If Loans Repaid Within Same Year: Gujarat HC

TDS on Common Area Maintenance Charges – Section 194I or 194C

On-Money or Not, Source Traced to Agricultural Land – ITAT Deletes Addition u/s 69A

Appeal of Deceased Assessee Dismissed, AO to Limit Recovery to Inherited Assets

Notice u/s 148A by Jurisdictional AO instead of Faceless Held Invalid

Two Fatal Defects: Invalid Scrutiny Notice & No Jurisdiction with NFAC – ITAT Quashes Assessment

ITAT Chandigarh Upholds CIT(A)’s Power to Set Aside Ex-Parte Assessment

Defective SCN Held Invalid -ITAT Chandigarh Deletes Penalty u/s 271AAB

Entire Exemption u/s 11 & 12 Cannot Be Denied to Trust for Advances to Related Parties

Tax Filing 2025: Key deductions that apply in both old and new regime

DVO Reference Mandatory in Stamp Duty vs. Purchase Price Disputes

Interest on Enhanced Compensation Not Taxable under section 56

ITAT Kolkata Deletes Double Addition, Adhoc Disallowance & Notional Interest
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.

