ITAT Pune quashes Section 147 reassessment, holding Section 153C was the proper route for information emerging from...
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.
Karnataka HC holds AO must follow Section 153C when relying on third-party search material and dismisses Revenue’s...
Karnataka High Court quashes notional rent addition where the building lacked an occupancy certificate and rental income...
ITAT Mumbai deletes deemed rental income additions on unsold flats held as stock-in-trade for AYs 2016-17 to...
ITAT Mumbai deletes notional ALV additions on unsold flats held as stock-in-trade for A.Ys. 2014-15 and 2015-16....
ITAT Ahmedabad dismisses Revenue appeal, upholding consumer electricity rates for Section 80IA valuation of captive power and...
ITAT Kolkata accepts Rs.8.41/unit SEB landed cost as CUP and deletes Rs.13.71 crore transfer-pricing adjustment. The post...
ITAT Rajkot quashes reassessment after finding Section 151 approval unsigned and mechanically granted without independent application of...
ITAT Ahmedabad deleted Rs.6.05 crore on-money addition where Revenue relied solely on a third-party WhatsApp chat without...
Income Tax | ITAT Mumbai Deletes Section 69A Addition Based on Uncorroborated WhatsApp Chat Evidence
Income Tax | ITAT Mumbai Deletes Section 69A Addition Based on Uncorroborated WhatsApp Chat Evidence
ITAT Mumbai dismisses Revenue appeal and upholds deletion of Rs. 3.16 crore section 69A addition based on...