The addition was set aside as no cash was found, traced, or shown to be received by...
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.
Payments to AwasBandhu were allowed as application of income. The Tribunal held such statutory contributions further public...
The Tribunal held that cash advances/on-money received for an ongoing real estate project cannot be taxed before...
The Tribunal held that wrist watches are valuable articles covered under Section 69A, and additions made under...
The Tribunal held that an enforceable agreement to sell, supported by advance consideration, constitutes transfer under Section...
The Court upheld deletion of a major addition, holding that valuation under Section 56 must follow the...
The Tribunal examined whether a single satisfaction note could sustain reassessment proceedings for multiple years under section...
The Tribunal held that inadvertent mistakes in filing Form 10AB cannot defeat a trust’s right to exemption....
The Tribunal found that full construction cost was not proved with evidence. However, a reasonable ad-hoc allowance...
The Tribunal held that reassessment cannot survive when no addition is made on the very issue for...