The case examined whether entire purchases could be treated as bogus when sales were undisputed. The Tribunal...
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.
Recognizing the nature of the manufacturing business and accepted sales, the Tribunal scaled down the disallowance. The...
The Tribunal clarified that expenditure disallowances do not qualify as assets under section 149(1). Without asset-based escaped...
Judicial rulings clarify that Section 54 focuses on timely investment of capital gains, not rigid legal ownership...
The Tribunal held that interest from bank fixed deposits lacked a direct nexus with credit facilities. Deduction...
The Tribunal held that reopening based solely on third-party information without independent application of mind is invalid....
The Tribunal held that no commission income can arise from circular transactions within group entities. Additions based...
The dispute centered on whether indexation could be claimed on a factory building sold along with land....
The Tribunal held that an appeal cannot be dismissed for non-prosecution and must be decided on merits....
The issue was whether appeals could be decided ex parte without examining merits. The tribunal held that...