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.
ITAT Rejects Bogus Debtors Theory: Rs. 65.19 Lakh Addition Deleted for Lack of Evidence
ITAT Deletes Section 69 Additions Over Unsupported On-Money Claims
SC Affirms Addition After Assessee Fails to Prove Bank Liabilities as Genuine
Deduction Denied for Non-Lending Income: Supreme Court Restricts Section 36(1)(viii) to First-Degree Lending Profits
Section 54 Deduction Upheld for Pre-Amendment Foreign Property Purchase
Charitable Trust Registration Remanded After ITAT Finds Evidence Ignored
Donations Linked to Milk Supply Not Corpus; Section 11(1)(d) Exemption Denied
Section 158BD Assessment Valid for Wife Based on Diary Seized from Husband’s Premises
Bogus Political Donations: ITAT Ahmedabad denies Section 80GGC Deduction
Technical Delay in Form 10AB Filing Cannot Block 80G Recognition: ITAT Chennai
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
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.
