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.
Section 153C Quashed for Failure to Show Bearing on Total Income: ITAT Delhi
ITAT Delhi Rejects Conditional U/s 12AB Registration and Restores Original Application Date
Chennai ITAT Restores ₹1.47 Crore Cash Deposit Dispute for Fresh Examination
Club Membership Used for Business Allowable to Proprietor: Mumbai ITAT
ITAT Kolkata Deletes TDS and TCS Penalties on Bona Fide Belief Under Section 273B
Unrelated Section 50C Addition Cannot Survive Failed Reopening Ground: ITAT Ahmedabad
Section 68 Addition Deleted as Investigation Wing Failed to Prove Receipt: ITAT Kolkata
Third-Party Papers Without Corroboration Cannot Prove Cash Coal Purchases: Kolkata ITAT
Legitimate Deductions Cannot Be Denied Merely for Non-Filing Revised Return: Madras HC
29-Day Form 10B Delay Cannot Deny Section 11 Exemption: ITAT Chennai
Belated Form 10B Before CPC Processing Sufficient for Section 11 Exemption: ITAT Chennai
Agricultural Land’s Higher Stamp Value on NA Conversion Cannot Trigger Section 56(2)(x): ITAT Ahmedabad
Bank-Repaid Loan Cannot Be Deemed Accommodation Entry Solely on Third-Party Statement: ITAT Ahmedabad
Cash-Book Omission Cannot Trigger Section 68 Addition When Cash Sales Explain Source: ITAT Kolkata
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.
