Income Tax Case Laws

Section 148, before making the assessment/ reassessment, the Assessing Officer shall serve on the assessee a notice along with a copy of the order passed

Before issuing notice, AO is required to comply with the procedure under section 148A. Issue of notice under section 148A is an opportunity for the assessee to explain his case.

As per section 5, the total income of any previous year of a person who is a resident includes all income from whatever source derived

As per section 10A, newly established undertakings in free trade zone have to complied with these special provisions while computing total income.

Section 10AA provides special provisions for computation of total income of newly established Units in Special Economic Zones (SEZs)

Section 14A (1) no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income

Section 10 of the Income Tax Act specifies the various incomes which will not be included while computing taxable income. Know more about section 10

Section 263 (1) The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may call for and examine the record of any proceeding under income tax Act..

Section 28, The following income shall be chargeable to income-tax under the head Profits and gains of business or profession - any compensation or other payment due to or received..

Section 37 provides general deductions under income tax. (1) Any expenditure incurred exclusively for the purposes of the business or profession shall be allowed in computing the taxable income

Section 135 (1) Every company having specified net worth or turnover or net profit during the preceding FY shall constitute a Corporate Social Responsibility Committee

Section 10 of the Income Tax Act specifies the various incomes which will not be included while computing taxable income. Know more about section 10

Section 132 deals with provisions of search and seizure in Income Tax. The officer authorized to enter and search any building, place vessel, vehicle, or aircraft

Section 144B (1) The assessment under sub-section (3) of section 143 or under section 144 shall be made in a faceless manner as per the following procedure...

Section 44AA of income tax provides maintenance of accounts by the person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy.

Section 44AB of the Income Tax Act provides provisions related to an audit of accounts of specified businesses or professionals. Read more about section 44

Section 271B of Income-tax provides penal provisions If any specified person fails to get his accounts audited in respect of any previous year or years relevant to an assessment year. Read more about section 271B..

No penalty shall be imposable on the person or the assessee if he proves that there was reasonable cause for the said failure. Read full text of Section 273B.

Section 43B shall not apply and shall be deemed never to have been applied to a sum received by the assessee from any of his employees. Read more on section 43B of Income Tax

Section 9 of income tax act prescribes the cases when the income of any person deemed to accrue or arise in India.