Income Tax
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ITAT Jodhpur Quashes Addition which were Based on Loose Papers
Uncorroborated Third-Party Chits Can’t Justify Addition: ITAT Delhi
Common Name Can’t Justify Addition – Addition Based on Assumption Set Aside
Higher Payment to Trustee Not Automatically Disqualify Trust from Tax Exemption: Delhi HC
ITAT Delhi quashes section 263 revision as reassessment itself held void ab initio
Dumb Document Can’t Justify Reopening – ITAT Lucknow Annuls Reassessment
Annual Software Renewal Costs Not Capital in Nature: ITAT Ahmedabad
No Section 127 Order, No Jurisdiction – Delhi ITAT quashes assessment
Seized Document from Third Party Not Sufficient to Tax Advocate
Third-Party Statement Without Cross-Examination Invalid: ITAT Deletes ₹57.5L Addition
SEBI Ad-Interim Order Vacated: Assessee’s Genuine Business Loss Upheld
₹4.05 Cr Addition Reduced to ₹12.5L by ITAT in Bogus Entry Case
No disallowance u/s. 40(a)(ia) when tax on income already paid by deductee: ITAT Pune
Rectification Order raising an additional demand was declared invalid as it was passed after Vivad Se Vishwas Settlement
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.
