#income tax act
Log in to FollowThe income tax act defines Income tax and laws related to income tax. It covers income tax levy, collection, administration, and recovery. Income tax acts and income tax laws get changed/updated from time to time. Read our Latest News and Updated on the Income-tax act and Articles on the income tax act to understand the income tax act and its sections. Read our articles to understand income tax act section 10, income tax act section 24, income tax act section 54, income tax act section 80c, income tax act 44ad, income tax bare act, etc.

Cash Deposits from Joint Bank Account Assessed to Primary Holder, Case Remanded for Verification

Rajasthan HC Dismisses Writ Petition for Non-Exhaustion of Statutory Remedies in Reassessment Case

ITAT Mumbai reduces bogus purchase addition to 5% for Ferrous Trader

Hotel Reimbursement of Marketing & Other Fees Not Fee for Technical Services

Only Profit Element in Bogus Purchases to Be Treated as Income: Bombay HC

Additions to Income Require Concrete Evidence, Not Mere Suspicion or Third-Party Information

PCIT Cannot Mandate Income Addition for Accommodation Entries Under Section 263: ITAT Ahmedabad

CBDT notifies ITR 1 and SUGAM (ITR-4) for FY 2025-26

Addition Treating LTCG as Bogus Based on Assumptions Not Sustained

Section 270A Penalty Unjustified Due to Lack of Tax Evasion Intent: ITAT Pune

Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue

AOP taxed at normal rates instead of maximum marginal rate as section 167B not applicable

Reopening Based on Insight Portal Data Without Independent Opinion Unsustainable

