The ITAT Ahmedabad held that Form 10-IE filed along with the return could not be ignored merely...
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.
DCIT-CC-8(4) Vs Offbeat Developers Private Limited (ITAT Mumbai) The Mumbai Income Tax Appellate Tribunal examined Revenue appeals...
Pune ITAT held that accounting reclassification entries and journal adjustments require proper verification before being treated as...
Pune ITAT held that penalty for under-reporting of income cannot survive where the Assessing Officer accepts the...
Madras High Court held that a reference to the District Valuation Officer was valid because the Assessing...
ITAT Mumbai held that prolonged non-payment of interest and repeated amendments to loan agreements justified benchmarking AE...
DCIT Vs Shikha Indrakumar Agrawal (ITAT Nagpur) The Nagpur Bench of the Income Tax Appellate Tribunal dismissed...
The Tribunal held that unrecovered advances made in the ordinary course of business can be allowed as...
The Tribunal found that the assessee had furnished agricultural sale bills, revenue records, and bank details supporting...
The Delhi High Court held that CBDT Circular dated 18.11.2024 clearly prescribed a maximum period of three...