The case examined whether an appeal dismissed as withdrawn under the Vivad Se Vishwas Scheme could survive...
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 addition under Section 69 was remanded as the assessee claimed the source through rotation of funds....
The Tribunal held that reassessment notices issued after 01.04.2021 for AY 2015-16 are time-barred. Such reopening is...
The court held that additions for excess stock and cash cannot be sustained when based solely on...
Holding that actions prescribed by statute must be performed only in the specified manner, the Tribunal deleted...
The tribunal held that dismissal for delay and confirmation on merits without effective hearing violated principles of...
The Court held that sanction for reopening was taken under the wrong statutory provision. As a result,...
The Tribunal upheld taxation of enhanced compensation and interest under land acquisition after insertion of section 56(2)(viii)....
The Tribunal found that estimating agricultural income solely on standard yield figures ignores real-world farming variables. The...
The Tribunal examined whether provision for salary arrears arising from the Sixth Pay Commission was contingent or...