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.
Dumb Documents & WhatsApp Chats Don’t Create Income – ITAT Quashes 153C, Deletes ₹22.5 Cr Addition
ITAT Restores Shirdi Sai Baba Trust’s 12A Registration Application for Fresh Consideration
Once Partners Paid Tax, Firm Can’t Be Taxed Again – Protective Addition Scrapped
Purpose Test Wins Again: ITAT Treats ₹22.6 Cr Sales Tax Incentive as Capital
ITAT Restricts Tax Addition to 1% in Broker Code Misuse Case
ITAT Grants Trust Conditional Opportunity to Prove Donations Are Not Anonymous
ITAT Allows Section 54 Capital Gains Deduction as Sale Proceeds Properly Proven
Section 40(a)(ia) Disallowance Overturned Due to Valid Certificate Submission
Share Capital Proved, Mere Non-Appearance Not Enough – ITAT Upholds Deletion of ₹1.93 Cr u/s 68
No 143(2), No Reassessment: ITAT Strikes Down ₹2.35 Cr Addition- AO Can’t Use the Return & Skip the Notice
No Tax on Notional Keyman Policy Value – ITAT Deletes Addition on Unrealised Surrender Value
ITAT Directs Fresh Assessment on Large Cash Deposits in Egg Trading Business
ITAT Kolkata Deletes Section 69A Rs. 11 Lakh Addition on Accommodation Entry
ITAT Delhi Deletes Addition on Demonetization Cash Deposits for Past Savings
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.
