ITAT Nagpur deletes jewellery addition u/s 69A and holds enhanced Section 115BBE rate inapplicable to pre-amendment search....
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 Delhi deleted Section 69A addition on cash found in a locker, holding that recorded group cash...
Gujarat High Court quashes reopening under Section 148 of the Income Tax Act, holding that the Assessing...
ITAT Jaipur deletes Rs. 24.20 lakh addition under Section 69A based on WhatsApp chats, holding that no...
CBDT notifies Andhra Pradesh’s ITE&C Secretary and prescribes a mechanism for sharing taxpayer income-status flags for welfare...
Gujarat High Court quashed the Assessing Officer’s Section 142A reference to the District Valuation Officer, holding that...
ITAT Mumbai quashes reassessment u/s 147 where AO relied on Investigation Wing information without independent verification or...
ITAT Delhi quashes retrospective 12AB registration cancellation, holding pre-2022 alleged violations cannot trigger the Finance Act 2022...
ITAT Rajkot quashes Rolex Rings reassessment for lack of tangible material, unsigned section 151 approval and denied...
ITAT Cuttack quashed reassessment as NFAC issued show-cause notice on 24 March 2022 before acquiring jurisdiction under...