The Tribunal held that reopening beyond three years requires sanction from higher authorities under Section 151(ii). Since...
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 Tribunal held that Section 269SS does not apply when cash is received as part of final...
The Tribunal held that when the difference between purchase price and DVO valuation falls within the 10%...
ITAT Chennai deletes Sec 270A penalty, ruling 200% penalty for misreporting cannot be imposed without specifying clause...
The Tribunal held that failure to start charitable activities cannot by itself justify denial of registration under...
ITAT Chennai rules 60% tax under Section 115BBE not applicable to AY 2017-18 transactions before 01-04-2017; directs...
The Tribunal examined whether penalty under Section 271(1)(c) can arise when income is added due to the...
The Tribunal held that when an adjustment made in the CPC intimation is subsequently deleted in appeal,...
Despite disputes over agricultural income additions, the Tribunal focused on the legality of the proceedings. It held...
The case addressed whether tax authorities can issue notices for multiple years based on one satisfaction note....