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.
Redevelopment Flat Not Taxable U/s 56(2)(x); ITAT Grants Relief on Additional Area Purchase
Period of limitation prescribed under Income-tax Act, 1961
Draft Order or Final Order in Disguise? ITAT Quashes Assessment for Violating Section 144C
Share Premium Can’t Be Taxed U/s 68 Merely Because AO Finds It Excessive: Mumbai ITAT
CAM Charges Attract TDS Under Section 194C and not Under 194J: ITAT Delhi
ITAT Deletes TDS Demand as Seller’s PAN Was Regularised Within CBDT Timeline
Income Tax Refund Interest payable up to actual date of refund issuance: ITAT Delhi
Section 56(2)(viib) Not Applicable to CCD Conversion Without Fresh Consideration: ITAT Delhi
Reassessment Beyond Four Years Invalid Without Finding of Failure to Disclose Material Facts: ITAT Delhi
AO cannot introduce a new addition while giving effect to appellate order: ITAT Chennai
Notional Market Rent Cannot Override Actual Rent Without Evidence of Suppression: ITAT Mumbai
ITAT Deletes Investment Addition as Bank Records Proved Source of Funds Despite Non-Production of Mother
Refund Cannot Be Adjusted Against Disputed Demand Pending Appeal & Stay Application: Calcutta HC
Delhi HC questions Denial of Prepaid Tax Credit Solely Because Return Was Filed After Section 148 Notice
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.
