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.
ITAT Allahabad Condones 440-Day Delay in Appeal Due to Advocate’s Negligence
Assessment on Dissolved Firm Valid if AO Uninformed: ITAT Ahmedabad
10% Safe Harbour Limit for Property Valuation Applies Retrospectively: ITAT Mumbai
ITAT Restores Rs. 1.86 Cr Addition for Fresh Review, Citing CIT(A)’s Unreasoned Order
Delay in Form 10B Filing Due to Accountant’s Oversight: Bombay HC Allows Condonation
Retaining Cash for Years Not Suspicious When Source Proven: ITAT Deletes Addition
Stamp duty value on agreement date may be considered under Section 56(2)(x)
ITAT Restores 12AB Registration Case for Reconsideration Over Overseas Fund Use
CBDT Issues Guidance on Entertainment Sector Expenses following C&AG audit
Gross Profit Addition Quashed Due to Lack of Basis in Estimation
Section 271A Penalty Quashed for Local Authority Not Maintaining Books of Accounts
ITAT Condones 3.5-Year Appeal Delay, Cites Supreme Court’s COVID-19 Extension
Partner Salary Disallowance Set Aside Pending Factual Verification by ITAT
Form 10BB Delay Due to CA’s Error: Bombay HC Allows Condonation
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.
