Delhi High Court quashed Section 148 notices after finding reopening based on an erroneous factual premise regarding...
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.
Bombay High Court quashed Section 148 notice after finding incorrect recorded facts and non-application of mind by...
Bombay HC quashed Section 148 reassessment notice after finding it was based on incorrect facts, non-application of...
Kerala High Court held the bank was not an assessee in default under Section 201 where it...
Calcutta High Court dismissed the Revenue’s appeal, holding that reassessment on issues beyond the recorded reasons was...
ITAT deleted the captive power TP adjustment, restricted the Section 14A disallowance to dividend earned, and examined...
ITAT condoned the delay and allowed exemption under Section 10(10B) for BSNL VRS-2019 compensation, following earlier coordinate...
Ahmedabad ITAT held only 20% profit on unaccounted cash receipts taxable, deleting the balance addition and condoning...
Ahmedabad ITAT held only 8% profit on unaccounted sales taxable, modifying the CIT(A)’s 6% estimate and rejecting...
Ahmedabad ITAT deleted the section 69 on-money addition as seized material did not link the assessee to...