ITAT partly allowed HCL Technologies’ appeals, granting relief on several tax issues while remanding verification of Section...
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.
SC dismissed the withdrawn SLP, leaving intact the HC ruling that redemption fine paid for the assessee’s...
Bombay HC dismissed Revenue’s appeals, holding that completed assessments under Section 153A cannot be disturbed without incriminating...
Madras High Court quashed the third reassessment proceedings, holding the Revenue wrongly invoked Ashish Agarwal after already...
Madras High Court quashed the Section 148 notice and reassessment as no addition was made on the...
Bombay HC allowed the Revenues appeal after the assessee admitted disallowing ₹16 lakh in its income computation,...
ITAT deleted the Section 68 addition on advance received under an MOU, holding that banking transactions and...
ITAT upheld deletion of the Section 68 addition after finding the assessee had proved identity, creditworthiness and...
ITAT upheld 0.5% corporate guarantee commission, allowed ESOP deduction under Section 37(1), and deleted Section 14A and...
ITAT remanded the ESOP deduction claim under Section 37 to the AO after holding that the Tribunal...