Income Tax
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JAO Can’t Bypass Faceless Mandate – U/s 148 Notice Issued Outside Scheme Quashed
Less Than 7 Days’ Reply Time Voids Faceless Assessment
Section 36(1)(iii) Disallowance on Group Loans Remanded
No U/s 115BBE Tax Because Income Was Business Profit, Not Unexplained Money
Borrowed Satisfaction Invalidates Reopening Under Section 147
Rule 8D Disallowance Struck Down Because AO Acted Without Recorded Satisfaction
Exemption Restored Because Form 10B Filed Within Extended Due Date
Appeals Revived as AO’s Effect Orders Fall Under Section 143/144
Section 153C Six-Year Block Runs From Satisfaction Note Date
388-Day Delay Condoned; Case Remanded for Fresh Hearing
Wrong Officer Issuing Section 143(2) Voids Entire Assessment
No Real Transfer, No Automatic U/s 50C Tax on Property Transaction
Initial Onus Discharged, ₹71.23 Lakh Section 69A Burden Shifts to Revenue
Additions based on BUP IDs, internal identifiers and presumptive opening deposits are not sustainable
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.
