The Tribunal upheld restriction of disallowance where interest-free funds were higher than tax-free investments. It reaffirmed that...
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 Tribunal held that when interest-free funds exceed exempt-income investments, no interest disallowance under Section 14A can...
The courts held that when depreciation on goodwill is allowed after detailed examination, the assessment cannot be...
Authorities cannot insist on adding an irrevocable clause in trust deeds for Section 12A renewal when the...
Capital gains exemptions on property sales often lead to litigation due to Section 54 timelines and unclear...
The issue was whether revision could stand on incorrect factual assumptions. ITAT held that misreading records makes...
The issue was whether additions can rest on seized loose sheets termed as dumb documents. The Tribunal...
The issue was a 44-day delay in filing Form 10B by a charitable trust. The Court held...
The issue was whether reassessment could proceed without disposing of objections to recorded reasons. The Court held...
The Court examined rejection of condonation for delayed e-filing despite acceptance of related delays. It ruled that...