It was ruled that speculative losses from non-genuine share transactions cannot be adjusted against interest income. The...
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.
Exemption was curtailed because the auditor reported application from past accumulations. The Tribunal ruled CPC acted correctly...
The matter was sent back as the appellate authority did not examine the plea for allowance in...
Where compensation and interest are deposited under judicial custody due to a pending appeal, no real income...
It was held that transport charges cannot be disallowed when PAN-based TDS, ledger matching, and banking trails...
The tribunal rejected demand raised solely due to Form 26AS mismatch caused by employer non-deposit of TDS....
The reopening relied on a bank account number that did not match the account from which transactions...
The Tribunal ruled that minor delay in filing Form 10AB cannot justify rejection when law permits condonation....
The Tribunal held that section 69C cannot be invoked when expenditure is recorded in books and its...
The issue was whether a second reassessment could be initiated on the same facts already examined earlier....