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.
Tax on Buyback of Shares (from 01-10-2024)
Addition Deleted Because Startup Submitted Evidence After AO’s Procedural Lapses
Penalty Deleted on Estimated Bogus Purchases by ITAT Surat
CIT(A) Dismissed Appeal for Non-Prosecution; ITAT Restores After Assessee Explains Missed Notice
Penalties Under Sections 271D & 271E Deleted for Limitation Breach
ITAT Partially Allows Demonetisation Cash Addition Using Reasonable Estimate
AO’s Suspicion Not Enough: ITAT Deletes Section 68 ‘Accommodation Entry’
Suspicion Isn’t Proof: ITAT Surat Deletes Unexplained Money Addition
JAO and FAO Have Concurrent Power to Issue Reassessment Notices: Delhi HC
Non-Speaking Order Struck Down – ITAT Sends Capital Gain Appeal Back to CIT(A)
Section 44AD on Govt Charges? ITAT Pune Remands Stamp Duty Facilitator Case
TOLA Can’t Extend Section 148 Timeline: Rajkot ITAT Quashes Reopening
Penalty Falls with Quantum: Rajkot ITAT Deletes 271B After Base Addition Removed
JAO-Issued Reassessment Notices Quashed for Violating Faceless Scheme
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.
