The ITAT held that deduction under Section 80P could not be disallowed through a unilateral adjustment under...
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 reassessment was based on documents found during a search conducted on another person. The Tribunal held...
The Tribunal held that documents relating to the assessee were found during the search of another person....
The ITAT held that once an assessment order under Section 143(3) was passed, the earlier intimation under...
The Income Tax Act 2025 has merged old presumptive taxation provisions into a single Section 58 framework....
The ITAT Delhi held that the Assessing Officer travelled beyond the limited scrutiny mandate by examining a...
The ITAT Bangalore held that disallowance under Section 40(a)(i) could not survive once the recipient of the...
The Tribunal observed that taxpayers opting for presumptive taxation are not required to maintain books of account...
Delhi ITAT held that issues relating to source of donations and cash deposits should generally be examined...
The Bombay High Court held that recovery of tax demands could not continue when the department failed...