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.
Unexplained money u/s. 68 restored back as basic ingredients satisfactorily not explained
Transfer of undertaking under court approved scheme doesn’t attract 50B
Prosecution for Late self-assessment tax Payment Not Maintainable Without Willful Evasion: Bombay HC
ITAT Deletes Protective Addition under Section 68; Tax Paid by Partners
Section 80IA(4) deduction allowed based on principle of consistency
Interior Decoration as Cost of Investment under Sections 54 & 54F: Judicial Recognition & Taxpayer’s Rights
ITAT Quashes 263 Order as PCIT Withheld Adverse Material & Ignored Evidence of Genuine Purchases
“Dumb Documents” Seized from Third Party Cannot Justify Income Addition
Section 14A Amendment Not Retrospective & AMP Adjustment Not an International Transaction: Delhi HC
ITAT Deletes Tax Additions Based on Uncorroborated Dumb Diaries & Retracted Statements
Addition Based on Retracted Third Party Statement Without Cross-Examination Invalid
Madras HC grants stay on recovery; keeps matter pending awaiting SC verdict in Hexaware case
Section 148 Notice Based on ‘Factually Erroneous’ Transaction Year Invalid: Delhi HC
Rubber-Stamp Approval of 246 Assessments Struck Down by Delhi 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.
