ITAT Delhi ruled that non-response by suppliers to Section 133(6) notices alone cannot justify treating purchases as...
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 ITAT Kolkata held that where assessment is completed under Section 143(3), alleged earlier non-compliance with notices...
The Tribunal ruled that undated, unsigned loose sheets lacking independent evidence cannot justify additions under Section 153A....
The Tribunal held that once the return is accepted as valid under Section 139(1), denial of carry...
ITAT held that approval by the Principal Commissioner was invalid where more than three years had elapsed...
ITAT held that a portion of cash paid could reasonably be sourced from accumulated withdrawals from joint...
The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine...
The Tribunal held that assumption of jurisdiction under Section 153C was invalid due to a defective and...
ITAT Mumbai held that transfer pricing addition made in respect of Letter of Comfort rightly deleted since...
The Tribunal held that acceptance of returned income without examining material indicating possible unaccounted cash investment amounts...