The Tribunal held that tax authorities cannot reject documentary evidence solely by labeling the explanation as an...
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.
Comprehensive guide on TDS under Income Tax Act, 2025 covering new sections, payment codes, forms, due dates,...
The Mumbai ITAT held that the appellate authority failed to consider pending writ petitions and interim directions...
The ITAT Chennai held that exemption under Section 11 cannot be denied merely because Form 10B was...
The Supreme Court dismissed the Revenue’s challenge to depreciation claims on leased assets after the Bombay High...
The Madras High Court held that taxable income was not properly computed where deduction under Section 80IB...
ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
ITAT Ahmedabad held that reassessment under Section 147 was invalid as the Assessing Officer failed to show...
ITAT Chandigarh held that cash deposits during demonetization could not be treated as unexplained income since the...
ITAT Rajkot held that revision under section 263 was not sustainable where the Assessing Officer had already...
ITAT Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Nagpur held that nominal donations received in small amounts could not be treated as non-voluntary contributions...