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 50C Cannot Deny Indexed Cost of Improvement Claim: ITAT Hyderabad
ITAT v Adopts CBDT-Approved APA Rate for Royalty and FTS ALP
ITAT Quashes Section 270A Penalty as POEM-Based Tax Position Was Debatable
ESOP Buyback in Unlisted Companies: Two-Tax Problem Employees Aren’t Prepared For
Sales Tax Subsidy Linked to Capital Investment is Capital Receipt: ITAT Mumbai
Section 263 Revision Invalid as AO Had Already Examined Key Issues: ITAT Visakhapatnam
Section 80P Deduction Denied as Valid Return Was Not Filed Under Section 139
Section 80P Deduction Denied as No Valid Return Was Filed: ITAT Visakhapatnam
Foreign Tax Credit Allowed as Delayed Form 67 Filing Is Procedural: ITAT Visakhapatnam
Reassessment Quashed as AO Relied on Borrowed Satisfaction Without Independent Analysis
Pune ITAT Deletes ₹44.80 Crore Angel Tax Addition; AO Cannot Replace Assessee’s DCF Valuation with NAV Method
Pune ITAT Deletes ₹4.02 Crore ‘On-Money’ Addition; Third-Party Statements and Dumb Documents Not Enough
Pune ITAT Deletes ₹50 Lakh Penalty U/s 271D; Third-Party Statement Alone Cannot Prove Cash Loan
FAQs on Compounding of Offences under Income Tax Act, 1961
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.
