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.
Orissa HC Rejects Faceless SOP Breach Claim, Directs Taxpayer to Use Statutory Appeal Route
Section 263 Order Quashed for Wrongly Alleging Lack of Enquiry – What ITAT Clarified
Section 271D Penalty Cannot Be Levied Without Recorded Satisfaction: Gujarat HC
ITAT Deletes Section 69A Addition for Bank Deposits from Liquor Receivables
Post-2002 Sec.17(3) Amendment Covers All Termination Payments
CIT(A)’s Deletion of Rs. 25.24 Cr u/s 68 Upheld as AO Accepts Cash Sales in Remand Report
Tribunal Upholds CIT(A) Deletion of Bogus Loan & Share Capital Additions
DRP Cannot Entertain Objections After Final Order; Appeal Held Not Maintainable
Section 68 Additions Sustained Due to Unexplained Cash Withdrawals & Bogus Share Dealings
Mechanical 153D Approval & No Incriminating Material – Delhi ITAT Quashes Entire 153A Assessments
ITAT Quashes Reassessment for Penny Stock Loss Lacking Direct Nexus
ITAT Hyderabad Quashes Assessment as DRP Route Cannot Extend Section 153 Limitation
Interest on enhanced compensation taxable as Other Income post Section 56(2)(viii) amendment
Mechanical 153D Approval Vitiates Entire 153A Block – Delhi ITAT
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.
