Income Tax

To facilitate the ease of doing business and decriminalise the offences, The Central Board of Direct Taxes has issued revised Guidelines on compounding of...

The Income Tax Appellate Tribunal (ITAT) deals with appeals against the orders passed by the income tax authorities. The idea behind forming an appellate t...

ITAT stands for Income Tax Appellate Tribunal. ITAT is a quasi-judicial body set up in January 1941 established by the Central Government for the speedy di...

Terming the prosecution malicious, the Madras High Court quashed the complaints filed by the Income Tax Department under Section 276 C (2) of the Income Ta...

On Wednesday the Supreme Court of India said that the reassessment notices issued under Section 148 of the unamended Income Tax Act beyond 1st April, 2021...

Taxpayers need to adhere to various compliance requirements every month. They are required to comply with different types of compliances applicable under d...

Every tax payer is confronted with the mammoth task of selecting a smart tax saving option or an optimum tax saving plan. Most tax payers think about desig...

The Central Board of Direct Taxes (CBDT) has notified a new ITR form for the Assessment Year 2022-23. The new ITR form does not meddle with the applicabili...

A single judge bench of the Chhattisgarh High Court headed by Justice Parth Prateem Sahu quashed the Income Tax Reassessment Notice which was issued to the...

Introduction   Many people believe Tax planning and Tax Management to be the same thing. However, there is a big difference between the two conce...

Introduction   Every assessee thinks how it can take the maximum possible advantages from the tax benefits offered by the government. This piece...

Introduction   A recent order of the honourable Delhi High Court has ruled that a penalty order passed by the Income Tax Authority under the prov...