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.
No Nexus, No Big Section 14A Hit: Disallowance Slashed to ₹10 Lakh
One Satisfaction Note for Seven Years Invalidates Section 153C: ITAT Pune
Same-Day Cash Withdrawal and Deposit Not Unexplained Income
ITAT Mumbai Quashed Reassessment Notice for Being Issued Beyond Limitation Period
Revenue Appeal Dismissed as No Substantial Question of Law in Transfer Pricing Dispute
FMV Claim Rejected Because No Error Shown in Valuation Methodology
Section 270A Penalty Quashed as Income Was Fully Disclosed but Taxed Under Wrong Head
Licence Fee & Goodwill Payment Allowed as Business Expense Since Not Prohibited by Law
Proviso to Section 2(15) Inapplicable to Solar Energy Promotion Activities: ITAT Delhi
Gross Receipts Taxed Without Expense Deduction: Demand Stayed by Bombay HC
Section 263 Revision Upheld as AO Taxed Only TDS Credit Instead of Undisclosed Commission
PCIT Cannot Invoke Section 263 When AO Took a Plausible View After Verification of Goodwill Claim
Transfer Pricing on Power Supply Must Use Gross Electricity Tariff, Not Base Rate: ITAT Hyderabad
Delay in Revised Income Tax Return Condoned Due to Audit Error & Pandemic Disruption
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.
