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.
Kerala HC Stays Recovery Pending Stay Petition in Income Tax Penalty Case
Unexplained cash credits addition u/s. 68 sustained as identity and creditworthiness not proved
Reassessment Quashed: JAO Cannot Issue Section 148 Notice After Faceless Regime
Income Tax Proceedings Invalid as Revenue Filed No Claim During CIRP Bombay HC
SC Applies Rajeev Bansal Ruling to Revenue’s SLPs on Reassessment
Penalty based on Loose Sheets/Ledger Without supporting proof not Valid
Full TDS Credit Allowed as Commission Income Already Taxed: ITAT Visakhapatnam
Appeals Dismissed as Consolidated Approval for Search Assessments Found Mechanical
Once TNMM Is Applied PO Cannot Benchmark Management Fees Separately or Assign Nil ALP
No Satisfaction Recorded, Section 153C Cannot Be Invoked: Calcutta HC
Chhattisgarh HC Quashes Additions as Section 133A Survey Statements Hold No Evidentiary Value
Demonetisation Cash Deposits Supported by Sale Deeds & Wealth Records, ITAT Limits Disallowance to 10%
Appeal Dismissed Over Delay in Requesting Form 26A Certificate
Income Tax Assessment Quashed for Failure to Follow Mandatory CBDT Notice Format
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.
