The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the Long Term Capital Gain (LTCG) tax exemption Rs....

The Calcutta High Court has quashed the income tax penalty on the ground of genuine mistake in treating Hindu Undivided...

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that no income tax is payable on incentives received in...

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has expressed displeasure for the careless approach of Faceless...

The Delhi High Court has held that the date of ao’s receipt of material under section 153C of the Income Tax Act to be...

The Public Provident Fund (PPF) is a government-backed long-term savings scheme known for its safety, guaranteed...

If you're an individual or a member of a Hindu Undivided Family (HUF) paying monthly rent of more than ₹50,000, you may...

The Delhi High Court has held that the extended 10-year limitation for initiating reassessment inapplicable without...

The Delhi High Court has quashed the reassessment notice issued with the approval of Joint Commissioner of Income Tax...

The Delhi High Court has quashed the reassessment proceedings after four-year limit on the ground that full disclosure...

The Chhattisgarh High Court has held that the penalty under section 273B of the Income Tax Act cannot be imposed for...