The Tribunal invalidated reopening as the AO obtained approval from the wrong authority. It held that compliance...
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 court examined whether delay in Form 10B filing could be condoned but found the authority rejected...
The issue involved classification of land for capital gains taxation. The Court held that revenue records and...
The Court held that reassessment cannot be initiated on issues already examined during scrutiny assessment. It ruled...
The case involved addition on account of unexplained foreign remittances. The Tribunal held that failure to examine...
The case deals with rejection of a delayed tax appeal due to insufficient explanation. The Court upheld...
The tribunal permitted set-off of interest paid against interest earned, finding both were intrinsically linked to business...
The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier...
The Tribunal examined whether reassessment notices issued by a jurisdictional officer instead of a faceless authority were...
The Tribunal held reassessment invalid as the alleged escaped income did not exceed ₹50 lakh required for...