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.
Section 36(1)(iii) Interest Disallowance Deleted on Loan to Wholly Owned Subsidiary: ITAT Delhi
Section 10(23C)(iiiad) Benefit Allowed as Turnover Fell Below ₹1 Crore: ITAT Amritsar
Section 36(1)(iii) Interest Deduction Allowed as Issue Covered by Earlier Ruling: Madras HC
CIT(A) Cannot Dismiss Appeal for Non-Prosecution, Matter Restored: Bombay HC
Section 263 Revision Set Aside as AO Conducted Enquiry & Section 24(a) Deduction Allowed: P&H HC
Section 263 Revision Set Aside as AO Conducted Due Enquiry: P&H HC
Section 54F Exemption Issue Remanded for Fresh Computation After DVO Valuation: ITAT Chennai
Section 54F Exemption on Actual Sale Consideration, Not Section 50C Value: ITAT Chennai
Section 54F Exemption Based on Actual Sale Price, Not Section 50C Value: ITAT Chennai
Section 143(1) Demand Set Aside for Failure to Prove Service of Intimation: Bombay HC
Section 143(2) Assessment Quashed for Notice Issued by Officer Without Jurisdiction: ITAT Delhi
Section 148 Reassessment Quashed as ₹50 Lakh Threshold Not Met for Same Transaction: ITAT Delhi
Can Section 148A Reassessment Be Based Solely on Red-Flagged Information?
No Capital Gains Without Transfer Under Development Agreement: ITAT Pune
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.
