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 Due to Change of Opinion After Scrutiny
Reassessment Quashed Due to No Failure to Disclose Material Facts
Reassessment Quashed Due to Change of Opinion on Share Capital Scrutiny
Additions Can’t Be Based on Suspicion, ITAT Deletes 2.5% Profit
Purchase Return Dispute Not Misreporting, Penalty Quashed
Penalty Deleted as Audited Books Existed Despite Rejection for Defects
Interest on Commercial Property Loan Disallowed as Business Expense Due to Non-Use
Can Interest on home loan be added to cost of acquisition when computing capital gains?
Mechanical Invocation of Section 263 at AO’s Behest Held Bad in Law
Section 271D Penalty Fails Without AO Satisfaction or Pending Assessment Proceedings
JAO-Issued Section 148 Notice Held Void Under Faceless Scheme
Revision u/s. 263 for non-verification of notional interest not justified as it is taxable only on maturity
Comparable Excluded Due to Functional Dissimilarity in Software Development Transfer Pricing
Deemed Dividend Not Attracted Because Advances Arose from Genuine Commercial Transactions
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.
