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.
Appeal Dismissal Under Section 249(4)(b) Invalid Without Advance Tax Liability: ITAT Hyderabad
CIT(E) Cannot Judge Hospital Tariffs to Decide Charity: ITAT Restores Reliance Hospital Trust’s U/s 12AB Registration
ITAT Upholds FBT Additions on Employee-Related free tickets, hospitality, conveyance, goods & lodging
ITAT Quashes Section 153C Assessments as Satisfaction Note Was Recorded After 1st April 2021
No Interest Disallowance When Own Funds Exceed Investments: ITAT Grants Major U/s 14A Relief
Suspicion Is Not Evidence: ITAT Deletes Rs. 3.68 Crore ‘On-Money’ Addition Based on Flat Allotment Letters
CIT(E) Cannot Ignore Existing Approval and Deny 12AB Renewal: ITAT Grants Relief to Jio Institute
Section 154 Rectification Allowed for Inadvertent LTCG Error in ITR: ITAT Kolkata
Loose Papers Alone Cannot Justify Income Tax Reopening Without Corroborative Evidence: Gujarat HC
ITAT Remands Reassessment Case Due to Failure to Examine Additional Evidence
Concessional Tax Rate Cannot Be Denied Solely for Form 10-IC Late Filing: ITAT Delhi
TDS Under Section 194J Alone Cannot Determine Nature of Income for presumptive taxation
Accepted Contract Receipts, Accepted Purchases: ITAT Deletes Entire Bogus Purchase Addition
No Irrevocability Clause? No Problem: Trust Wins U/s 12AB & 80G Battle After Bombay HC Ruling
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.
