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.

154-Day Delay: SC Dismisses Revenue Plea in Penny Stock Addition Case

Gujarat HC Deleted Penny Stock Addition Due to Lack of Adverse Evidence

SC Upheld Income Tax Assessment Transfer Due to Coordinated Search Investigation

Manual Return Invalid Since E-Filing Was Mandatory for Companies: Madras HC

Revenue Appeal Dismissed for Low Tax Effect as Higher Tax Rate Held Non-Retrospective

VDIS Declaration Does Not Bar Scrutiny If Higher Income Is Detected: MP HC

Bombay HC Quashed Reassessment as Notice Issued to Non-Existent Entity

Court Restraint Excuses Non-Utilisation of Accumulated Funds by Charitable Society: ITAT Delhi

Excel Sheet Alone Cannot Justify Excess Stock Addition: ITAT Delhi

High-Value Cash Receipt Limit: Section 269ST Compliance & 100% Penalty

Income Tax Exemption Granted to Welfare Board for Cess and Grants Income

Transfer Pricing on AMP Cannot Ignore Settled Tribunal Law: ITAT Bangalore

Ex Parte CIT(A) Order Set Aside: ITAT Remands Case Due to Non-Appearance of Assessee

Reassessment Set Aside as Notices Issued Outside Statutory Authority
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.
