The Court held that an Assessing Officer’s quasi-judicial decision cannot attract disciplinary action merely because another view...
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 admitted lenders’ tax returns and bank statements and remanded the Section 68 issue for fresh...
The Tribunal held that property investment funded through documented foreign remittances from the assessee’s husband could not...
ITAT Mumbai held that additions under Sections 68 and 69C could not be sustained where the Revenue...
Where ITAT directed inclusion of Cepha Imaging Pvt. Ltd. as a comparable solely on the basis that...
Where assessee substantiated purchase, holding and sale of shares of YICL through documentary evidence, DEMAT records, contract...
Addition of ₹11.14 crore on account of alleged bogus purchases could not be sustained without first verifying...
Pune ITAT observed that the Revenue had accepted the assessee’s scrap business in earlier and later years...
The Tribunal ruled that Section 68 does not distinguish between business advances and loans when unexplained credits...
The Tribunal held that a penalty notice must clearly state the specific limb of Section 270A being...