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.

Ex-Parte Appellate Orders Set Aside for Lack of Merits Review

CPC Cannot Treat Form 3CD Entries as Final Without Verification

Wrong Valuation Report Leads to Capital Gains Addition

Partners’ Remuneration Disallowance Set Aside Due to ITR Error

Delay Excused Where Notices Never Reached the Assessee

Time-Barred 12AB Cancellation Appeal Thrown Out

Housing Loan Interest Dispute Sent Back for Verification

Section 263 Invoked for Lack of Inquiry into Exceptional Items

Section 143(2) – Validity in Set-Aside Reassessment Proceedings and Effect of Non-Verification of Return of Income

Delhi HC judgment regarding Nil Withholding Certificates under Section 197

Post-Checkmate Law: Late PF/ESI Deposits Mandate Disallowance

Land Sale Profits Treated as Capital Gains, Not Business Income: Madras HC

SC Reclaims Tax Sovereignty: Tiger Global Decision Resets Mauritius DTAA Landscape

Audit Penalty Set Aside Due to Bona Fide Cause for Delay
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.
