Income Tax
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ITAT Upholds Addition as Cash Deposits Lack Evidence; Section 115BBE Amendment Prospective
Reassessment Notice Upheld Because AO Followed CBDT and SC Directions
Reassessment Notice Invalid as It Was Issued to Non-Existent Entity: Bombay HC
Reassessment Notice Quashed Because It Was Issued Beyond Limitation: Bombay HC
TDS Default Order Time-Barred as Limitation Must Be Computed Quarter-Wise, Not Annually
Transfer Pricing – Cost Plus Method – Complete Illustration
Parallel Assessment Proceedings Illegal, ITAT Quashes Reassessment Order in Case of Lalit Modi
SC Dismisses SLP Due to 124-Day Delay and Upholds Quashing of Reassessment
SC Dismisses Revenue SLP as Fresh Notice Issued After HC Quashed Assessment on Non-Existent Entity
Assessment Orders Quashed as Passed in Name of Non-Existent Company After Amalgamation
Reassessment Quashed as Section 148 Notice Was Issued by JAO Instead of FAO
Budget 2026: Disallowance of Deduction of Interest on Dividend Income
Reassessment Quashed Because Notice Issued to Non-Existent Company After LLP Conversion
Adv. Mukul Rohatgi Case: Section 263 Revision Invalid as AO Had Conducted Proper Inquiry
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.
