ITAT Jaipur condones delays and deletes ₹4.53 lakh addition where income was declared presumptively under Section 44AD....
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.
ITAT Jaipur restores salary expenditure issue to AO for reasonable allowance after rejecting blanket disallowance of ₹32.53...
Chandigarh ITAT restricts hospital receipt additions to 5% and deletes RD and diary-based additions, including ₹1.40 crore...
ITAT Chandigarh deletes ₹21.81 lakh addition, holding invoice spelling errors and missing PAN/email cannot prove eucalyptus tree...
ITAT Visakhapatnam quashes 271AAB penalty as section 274 notice failed to specify the applicable clause, vitiating penalty...
ITAT Chandigarh holds survey surrender of excess cash and stock is business income and 60% Section 115BBE...
ITAT Bangalore holds a later Section 143(1) intimation void where Section 143(2) scrutiny notice had already commenced...
ITAT Rajkot deletes Rs. 9.35 crore GP addition where books were not rejected under section 145(3) and...
ITAT Chennai deletes ₹3 lakh section 271D penalty passed after the six-month limitation prescribed under section 275(1)(c)....
ITAT Mumbai deletes Rs.33.41 lakh addition under Section 56(2)(vii)(b), holding PAA received against surrender of tenancy rights...