ITAT Rajkot held that revision under section 263 was not sustainable where the Assessing Officer had already...
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 Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Nagpur held that nominal donations received in small amounts could not be treated as non-voluntary contributions...
The Delhi High Court held that reassessment proceedings under Section 148 were invalid where the Assessing Officer...
The Tribunal quashed the assessment after finding that the statutory conditions under Section 153C were not properly...
Mumbai ITAT observed that assessable value under customs law may differ from invoice value and such variation...
Court held that there was no direct or indirect connection between the assessee and the handwritten inquiry...
The article explains why advertisement expenses for brand building remain deductible under Section 37. Courts have consistently...
The article explains how procedural lapses in trust registration renewal can activate Section 115TD and impose heavy...
Mumbai ITAT held that additions for alleged accommodation entries and commission income cannot be sustained solely on...
Bombay High Court held that delay in filing Form No. 10 for claiming accumulation under Section 11(2)...