Gujarat HC upheld Section 153C notices, holding the satisfaction note met statutory requirements and declining interference at...
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.
Gujarat HC quashed rejection under Section 119(2)(b) and permitted delayed return filing for a TDS refund claim,...
Visha Oswal Tap. Shantibhuvan Upashray And Derasar Vs CIT (Gujarat High Court) The petitioner, a charitable and...
HC quashed the final assessment and related notices after holding that failure to issue a draft assessment...
ITAT sets aside Section 69A addition and remands the matter after finding bank records indicated cash deposits...
ITAT dismisses Revenue’s appeal, following earlier years’ decisions that stockist discounts and delayed payment interest did not...
Bajaj Auto Limited Vs DCIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, considered the assessee’s...
ITAT Mumbai held that both overseas and domestic comparables can be used under the CUP method with...
Bombay High Court dismissed the Revenue’s appeal, holding that concurrent findings establishing identity, creditworthiness and genuineness under...
Madras HC quashed a Section 148A(b) notice after reassessment had already concluded under Section 147, holding fresh...