Delhi HC quashes reassessment proceedings for AY 2016-17, holding limitation expired on 31.03.2023 and prior litigation did...
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.
Delhi HC dismisses Revenue appeal, holding AY 2011-12 assessment beyond six-year limitation following Ojjus Medicare ruling. The...
Bombay HC quashes Section 148A(d) orders and Section 148 notices, following New India Assurance and keeping other...
SC disposes Revenue SLPs under Rajeev Bansal, directing AOs to decide objections per the ruling while preserving...
Gujarat HC sets aside Section 148 notices and Section 148A(d) orders for AYs 2013-14 and 2014-15, holding...
Supreme Court disposes of reassessment SLPs under Rajeev Bansal, directing AOs to decide objections accordingly while preserving...
Punjab and Haryana HC upholds CUP as the appropriate transfer pricing method, following consistent earlier Tribunal decisions...
Gujarat HC quashes Section 148 reopening, assessment and demand notice after finding no failure to disclose material...
ITAT Indore sets aside the Section 69 addition, holds ₹24 lakh as purchase price and accepts the...
ITAT Delhi upholds Rs.8.50 lakh LTCG addition, holding that a fresh Section 54 deduction claim cannot be...