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.
Reassessment Based on CBDT Instructions Without AO’s Independent Satisfaction Invalid: ITAT Lucknow
Interest-Free Housing Loans to Needy Persons Can Be Charitable: ITAT Mumbai
ITAT Upholds 200% Penalty Under Section 270A for Misreporting on Disallowed Deductions
Section 80P Deduction Cannot Be Denied Merely for Return Delay: Madras HC
ITAT Lucknow Reduces Section 271H TDS Penalty From ₹1 Lakh to ₹10,000 Per Quarter
BSNL VRS-2019 Compensation Eligible for Section 10(10B) Exemption: ITAT Hyderabad
Section 12AB Renewal Cannot Be Denied for Absence of Formal Trust Deed: ITAT Mumbai
Sunday Deadline Extends DRP Objection Filing to Next Working Day: Calcutta HC
ITAT Ahmedabad Deletes ₹1.82 Lakh Property Investment Addition Considering Past Savings
Mere Rejection of Tax Claim Cannot Automatically Trigger Concealment Penalty: ITAT Mumbai
Mandatory Prior Notice Required Before Section 143(1) Adjustments: ITAT Kolkata
Staffing Company Eligible for Section 80JJAA Deduction on New Employees: ITAT Delhi
₹38.50 Crore Bogus Purchases Cannot Be Entirely Disallowed: Gujarat HC
Earlier Property Booking Cannot Override Stamp Value Without Linked Consideration: ITAT Mumbai
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.
