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.
Rajasthan HC: Reassessment Quashed as Section 148 Notice Issued by JAO
No Reassessment on Issues Already Scrutinised in Regular Assessment: SC
Reopening Beyond Four-Year Limit Invalid if Original Assessment Fully Disclosed Facts
ITAT Bangalore Upholds Tax on Waived Trade Liabilities and Unexplained Purchases
Assessment Notices Quashed for Violating Clean-Slate Effect of Approved Resolution Plan
Section 271D Penalty Deleted as No Satisfaction Recorded in Assessment: SC
Section 80G Cannot Be Denied Merely for Possibility of Overseas Application: ITAT Orders Approval
Penalty Deleted as Foreign Asset Disclosure Defect Cured in Section 153A return Before Notice
Section 148 Notice Quashed for Breach of Faceless Reassessment Requirement
Gift from HUF to Member Requires Verification Before Taxation: ITAT Rajkot
Deemed Rent Upheld Using Online Data; Interest Deduction Remanded
ITAT Rules Employer Advances Cannot Be Treated as Unexplained Money Without Verification
Staff Misconduct & CA Oversight Not Valid Grounds for 441-Day Appeal Delay: ITAT Hyderabad
Improvement Cost Allowed as Property Was Semi-Constructed at Purchase
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.
