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 Investment U/S 69A: ITAT Remands Plot Purchase Addition for Factual Verification
TDR Sale Bank Credits: ITAT Rejects Books, Applies 12% Profit Rate
Bogus Entry Addition Deleted: ITAT Voids ₹78 Lakh Addition U/S 68 Due to Genuineness Established in Precedent Cases
Department Knew the Assessee Was Dead – Still Issued Notice! Tribunal Strikes Down Reopening
One House, One 54 Claim: ITAT Quashes 263 Revision on Floor-Wise Sale of Residential Property
Notice Issued but Explanation Ignored – ITAT Sends 263 Back to PCIT- Speaking Order Mandatory
Share Valuation Already Verified- Once AO Examines Accepts, 263 Cannot Reopen
Cash Deposits Accepted as Sales: ITAT Quashes Full Section 69A Addition on Acceptance of 44AD Presumptive Income
Assessment Crumbles as AO Ignores Faceless Mandate- Jurisdictional AO Has No Power to Reopen Post March 2022
Mechanical 153D Approval for 42 Cases Vitiates Entire 153A Assessments – ITAT Quashes All Years, Revenue Appeals Fail
No Books, No Section 68 Addition: ITAT Deletes Loans and Capital After Estimating Liquor Trade Profit
Tax Treatment of Income from Other Sources
Registration of Charitable Trust Cannot Be Cancelled Without Clear Evidence of Violation
Diwali Gifts, Perquisites and Income Tax Issues
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.
