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.
Interest Income Deduction Denial Reviewed: Section 263 Jurisdiction in Cooperative Societies
ITAT Protects Assessee’s Right to Present Evidence in ₹6.41 Cr Cash Case
Time-Barred Notices Under Section 148 Lead to Quashing of Assessments
Pre-Existence MOU Invalidates Transport Claim: ITAT Upholds Disallowance
Mistaken TAR Upload Costs Assessee – But ITAT Gives Fresh Chance to Prove Facts
AO’s Purchase + Sale Formula Rejected: Reassessment Sent Back for Proper Inquiry
Prospective 2022 Amendment Saves Assessee – 14A Knocked Out No Exempt Income, No 14A
ITAT Rules 148 Notice Void Due to Wrong Authority’s Approval in Reopening After 4 Years
Assessment on Dissolved Firm Upheld for Failure to Explain ₹25 Lakh Cash Deposit
Disallowance Based on Suspicion Rejected: ITAT Allows ₹1.95 Cr Interest Claim
Binding Directions Not Optional: ITAT Pulls Up AO for Ignoring 10A Mandate
Jurisdictional Misfire -Wrong Sanction Sinks Reopening: PCIT Approval Not Enough Beyond 3 Years
Exemption u/s. 10(38) eligible only on LTCG from transfer of equity shares and units of equity oriented mutual funds
Initiation of penalty proceedings u/s. 271(1)(c) without specifying limb is bad-in-law
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.
