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- IMPORTANT INCOME TAX CASE LAW 16.10.2025
- TDS Credit Must Be Granted to the Assessee Who Offers the Income to Tax.
- 80-IB Deduction Denied as Assessee Fails to Prove Actual Development Work with Evidence.
- An addition for cash deposits is invalid when the assessee provides a complete documentary trail explaining the source, which the revenue fails to rebut.
- Deduction Under Section 54 Allowed as Payment Was Proven by Sale Deed and Bank Records.
- AO Must Investigate Land Use Before Restricting Section 54F Exemption.
- A deduction for prior-year unpaid liabilities is allowed under Section 43B, but only to the extent that the assessee can furnish concrete proof of payment.
- A trust’s income must be assessed under Sections 11-13 once its tax registration is restored.
- Income from the sale of foundation seeds qualifies as agricultural income and is exempt from tax.
- IMPORTANT GST CASE LAWS 16.10.2025
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