The Supreme Court dismissed the challenge to a Delhi High Court ruling that quashed reassessment proceedings under...
Income Tax
Income tax in India is a direct tax imposed on individuals, businesses, and other entities based on their income. Understanding income tax is essential for proper financial planning and compliance with government regulations. This section provides comprehensive resources covering income tax slabs, ITR filing, deductions, exemptions, and the latest updates for FY 2025–26.
Whether you are a salaried employee, freelancer, or business owner, you can explore detailed guides below to learn how to calculate your tax, file returns, and maximize eligible deductions. Stay informed with the latest income tax rules, deadlines, and expert insights to manage your taxes efficiently.
The Nagpur ITAT held that exemption under Section 54B requires evidence of active agricultural operations and not...
ITAT Mumbai Quashes Reassessment as Section 148 Notice Was Issued Beyond Surviving Limitation Period
ITAT Mumbai Quashes Reassessment as Section 148 Notice Was Issued Beyond Surviving Limitation Period
ITAT Mumbai held that the reassessment notice issued on 24.07.2022 was time-barred under the Supreme Court ruling...
The Andhra Pradesh High Court refused to quash summons issued under Section 131(1A) of the Income Tax...
The Ahmedabad ITAT held that goodwill arising from a High Court-approved amalgamation qualified as an intangible asset...
ITAT Delhi held that the amendment excluding goodwill from depreciation under Section 32(1)(ii) applies prospectively from 01.04.2021....
Form 157 under the Income-tax Act, 2025 is not required for every person leaving India. The requirement...
ITAT Delhi held that Section 56(2)(x) could not be applied to property transactions relating to Assessment Year...
The ITAT Dehradun held that exemption under Section 54B cannot be denied merely for non-deposit in the...
ITAT Delhi held that lawful TDS credit cannot be denied merely because the Assessing Officer overlooked an...