Income Tax
Log in to FollowLatest Income Tax news, articles, notifications, circulars and case laws covering ITR, assessments, deductions, TDS, capital gains, tax audit, appeals and compliance.

CIT(E) Cannot Deny 12AB Registration by Examining Expenditure: Delhi ITAT

Bombay HC Dismisses Revenue Appeal on Article 8 DTAA Shipping Income Relief

Madras HC Upholds Search Addition Based on Loose Sheets & Section 132(4) Statement

Delhi ITAT Quashes Reassessment for Failure to Issue Section 143(2) Notice

HC Upholds Section 12A Registration for Society Promoting Anaesthesia Research

Bombay HC Sets Aside Reassessment Order for Section 148 Notice Issued on 1 April 2021

Delhi ITAT Deletes Section 68 Addition as AO Failed to Conduct Independent Enquiry

Pink Tax: The Hidden Cost of Being a Woman in India

Delhi ITAT Upholds Denial of Agricultural Income Exemption; Section 68 Issue Remanded

Delhi ITAT Quashes Section 153C Assessments as Notices Were Time-Barred & Satisfaction Notes Defective

Kolkata ITAT: Section 69C Cannot Be Invoked on Recorded Sales Receipts; Cash Payments under Section 40A(3) Deleted on Commercial Expediency

Hyderabad ITAT: Belated Filing of Form 67 Cannot Defeat Foreign Tax Credit under Section 90 and DTAA

Kachha Arhtia’s Turnover Is Only Commission; ITAT Hyderabad Deletes Section 271B Penalty

Hyderabad ITAT Quashes Reassessment for Want of Proper Section 151 Sanction
Income Tax is TaxGuru’s extensive resource for developments under India’s direct tax laws. This category covers Income-tax provisions, rules, notifications, circulars, instructions, judicial decisions and practical compliance issues. Readers can explore articles and case laws on income-tax returns, assessments, reassessment, deductions, exemptions, capital gains, business income, TDS and TCS, tax audit, penalties, appeals, international taxation and other direct tax matters. The category also covers important CBDT announcements, tax deadlines, return filing developments and changes affecting individuals, businesses and other taxpayers. Chartered Accountants, advocates, tax professionals, companies and taxpayers can use this section to follow legislative, administrative and judicial developments and research important Income Tax issues and precedents.
