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 271(1)(c) Penalty deleted Due to Bona Fide Claim on Lease Premium Deduction
Section 271(1)(c) Penalty Cannot Be Imposed for Valuation Differences Without Proof of Inaccuracy: SC
LTCG Addition Deleted as Assessee Proved Genuine Investment Activity Through Evidence
Loose Papers Without Identifiable Link Cannot Justify Reassessment: Gujarat HC
Section 54 Exemption Allowed as Possession Date Considered Over Registration Date
Section 263 Invalid as AO Conducted Proper Inquiry & Took Plausible View: ITAT Surat
SC Remits Section 148A Reassessment Row Back to High Courts
Income Tax: Madras HC Orders Fresh Review Due to Ignored Remand Report Evidence
Bogus Purchase vs Non-Genuine Purchase in Income Tax: Key Differences, Case Laws & Tax Impact
Reopening Invalid Due to Change of Opinion on Same Material: Bombay HC
No Substantial Question of Law Where AO Accepts Claims in Remand: Karnataka HC
SC Dismisses Penalty as Capital vs Revenue Receipt Issue Held Debatable
P&H HC Deleted Penalty as Subsidy Classification Held Debatable Issue
Miscellaneous Application Rejected as Tribunal Lacks Power to Review Its Own Order
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.
