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.
Capital Gain Addition Reopened Due to Failure to Consider Statutory Deductions
Section 148 Notice Invalid as Issued Without Section 148A Procedure: Gujarat HC
Escaped Income Above Rs. 50 Lakh Justifies Ten-Year Reassessment: Rajasthan HC
Reopening Beyond 4 Years Fails Without Assessee’s Default: ITAT Quashes 148 Notice
Tax Recovery Claims Extinguished After NCLT Resolution Plan Approval: Madras HC
Gross Profit Addition Deleted Because Tag Price Is Not Actual Sale Price
Ex-Parte Section 69A Addition Set Aside for Lack of Verification of Agency Role
Addition Based on Form 26AS Set Aside Due to Need for Verification of Actual Receipts
Assessment Quashed Due to Violation of Section 144C Draft Order Requirement
Settlement applications upheld as SC declines interference despite eligibility dispute
Section 68 Addition Fails When Based Only on Retracted Third-Party Statements
Settlement applications held valid as Finance Act not in force before March 2021
Delhi HC on Reassessment Validity: AO to Examine Surviving Limitation
Ex-parte CIT(A) order quashed: ITAT restores appeal where notices went to deceased counsel
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.
