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.
Section 263 Revision Rejected as AO Took One of Two Possible Views
Section 263 Action Set Aside Due to Sufficient Assessment Verification
Proceedings Declared Void Due to Notice Served After Assessee’s Death
Reminders Aren’t New Defaults – ITAT Chennai Reduces 272A(1)(d) Levy
Loose Excel Sheet With Wrong Seller Name Can’t Justify On-Money Addition
Reassessment u/s. 147 based on information without application of mind is bad-in-law
Matching Principle Not applies to Cash Accounting – Section 36(1)(iii) Disallowance Deleted
Ad hoc disallowance not sustained as commission expense substantiated with relevant evidence
Entire 148A and 147 Proceedings Set Aside for Being Time-Barred
Section 263 Revision Quashed as AO Took Plausible View on Goodwill Depreciation
Karnataka HC Quashes Income Tax Notices Issued Outside Section 151A Scope
Loose Sheets Alone Insufficient for Tax Assessment: SC upholds Quashing of Notices
CAG Compendium on Impact of Audit on Income Tax & GST Administration
TDS Non-Deduction on LTC Under Court Stay Cannot Trigger Section 201 Liability: Kerala HC
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.
