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.
Reopening Grounds Not Examined by CIT(A): ITAT Restores Multiple Appeals for Fresh Adjudication
Alleged Bogus Transport Charges Rejected for Want Proof
Appellate Authority Cannot Bypass Limitation by Invoking Section 150
Section 11 Exemption Denied as Coaching Activity Held Commercial
Penny Stock Addition Remanded Due to Ownership Dispute
Section 69A Addition Remanded for Fresh Verification of Cash Source
Unjustified Adjustment Attempts Cannot Deny Interest on Refund
Medical Emergency Withdrawal Justified Demonetisation Cash Deposits – ITAT Deletes Addition
Small Valuation Difference Within Tolerance Band: Section 69B Addition Deleted
80P Deduction on Nominal Members Reopened: Co-op Society Gets Fresh Chance
ITAT Rajkot Allowed Section 80G Approval Despite Religious Clause Due to Charitable Activity
Creditor Confirmed in Both Books: Section 68 Addition Reopened for Verification
Intended Industrial Use Irrelevant for Section 10(37) Exemption: ITAT Delhi
PCIT Must Follow ITAT Special Bench Despite Pending Appeal: Bombay HC
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.
