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 69 Inapplicable to Share Application Money Received & Recorded in Books: ITAT Raipur

Limited Scrutiny Can Examine Source, but It Cannot Tax Same Money Twice: ITAT Hyderabad

Spelling Error Can’t Make Eucalyptus Sale Bogus Without Enquiry: ITAT Chandigarh

AO Can’t Assign Imaginary Scrap Value to Obsolete Stock: ITAT Chandigarh

Section 80GGC Deduction Cannot Be Denied for Political Party’s Misconduct: ITAT Rajkot

ITAT Surat Deletes Penny-Stock Addition for Lack of Evidence Linking Assessee to Price Manipulation

Family Diary Entry Alone Can’t Prove Unexplained Expenditure: ITAT Ahmedabad

Subsequent Section 143(1) Intimation Void After Scrutiny Commences: ITAT Bangalore

ITAT Chandigarh Treats Survey Surrender as Business Income, Rejects 60% Section 115BBE Rate

ITAT Visakhapatnam Quashes Section 271AAB Penalty for Defective Section 274 Notice

ITAT Rajkot Deletes GP Addition Without Section 145(3) Rejection and Limited Scrutiny Conversion

Section 28 Interest Part of Compensation, Eligible for Section 10(37) Exemption: ITAT Rajkot

ITAT Hyderabad Dismisses IL&FS Tax Appeals Due to NCLAT Restraint

ITAT Rajkot Deletes SBI TDS Demand for Foreign-Leg LFC Under HC Order
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.
