The Court set aside rejection of registration based solely on absence of an irrevocability or dissolution clause....
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.
The Tribunal ruled that incorrect invocation of Section 69A does not invalidate the addition. Since the loan...
ITAT remanded the matter where the assessee claimed PAN misuse leading to additions under Sections 68 and...
The classification depends on whether there is actual crypto transfer. Cash-settled trades are generally treated as speculative...
The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter...
The issue was whether ALP can be determined without comparable transactions. ITAT held that Rule 10AB mandates...
ITAT set aside the addition made under Section 68 due to incomplete verification of a large gift...
The case addressed whether reassessment can proceed before disposing of objections. The Tribunal ruled that such action...
Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal
Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal
The Revenue challenged allowance of bad debts due to lack of NCLT evidence. The Tribunal held that...
ITAT held that exemption under Section 11 cannot be denied via rectification under Section 154 for alleged...