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 Quashed for Failure to Issue Mandatory Section 143(2)
Section 10(23C)(iiiad) Denial Quashed as Amendment Held Prospective
Interest Income Addition Sent Back for Verification by ITAT
One-Day Time Limit Held Insufficient for Section 142(1) Compliance
Additions Restricted Due to Partial Reconciliation and Netting of Income
Appeal Restored Because CIT(A) Cannot Dismiss for Non-Prosecution
Reassessment for AY 2015-16 Quashed as Time-Barred Under Law
Addition Under 115BBE Struck Down for Procedural Lapses
Section 41(1) Addition Not Automatic on Creditor’s Write-Off
Section 54F Disallowance Invalid When Not Part of Reopening Reasons
TDS Credit Granted as Assessee Acted Only as Commission Agent: ITAT Chandigarh
Unsubstantiated Professional Fees Lead to ₹40 Lakh Addition
Assessment Quashed for Wrong Email Service and No Reasons
TP Addition Partly Set Aside for Mechanical Margin Working
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.
