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 Held Invalid Where No Addition Made on Recorded Reasons: ITAT Chennai
12AB and 80G Rejection Quashed for Violating CBDT SOP Mandating 15 Days’ Response Time
Cash Deposits During Demonetisation Cannot Be Treated as Unexplained When Agricultural Source Is Proved
ITAT Mumbai Restores Ex-Parte Reassessment as Capital Gains Were Taxed in Director’s Hands Instead of Company
Reassessment Quashed as Mandatory Seven-Day Notice Was Not Granted
Arbitrary 3% Profit Estimation Struck Down by ITAT Hyderabad
filing of Audit report in form 10B is directory is nature & not mandatory- Delay condoned
Protective addition collapses once substantive tax paid by real owner: ITAT Rajkot
Calcutta HC Stays Income Tax Prosecution Pending Collegium Approval Verification
Prosecution Stay Granted Over Alleged Income Tax Evasion Due to Jurisdictional Challenge
Foreign remittance from disclosed LTCG can’t be treated as unexplained: ITAT Ahmedabad
Telangana HC Quashed Reassessment Notices for Not Following Faceless Procedure
ITAT Chennai Declares Reassessment Notice Invalid for Violating Faceless Scheme
Section 148 notice quashed for not following mandatory faceless procedure
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.
