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 Ahmedabad directs AO to mandatorily refer to DVO when stamp duty value is disputed – Addition u/s 50C set aside
ITAT Quashes Expense Disallowance: AO Must Verify Cost of Improvement with Notices, Not Guesswork
Demonetisation Cash Deposits Accepted: ₹1.11 Crore Addition Deleted Due to Audited Books
Bangalore ITAT Allows Reconsideration of Disallowed Home Loan Interest Deduction
ITAT Quashes PCIT Revision; Cancelled Land Deal Generates No Taxable Income
Reassessment notices cannot be mechanically issued without examining documents
Main Issue Ignored – CIT(A) Skips ₹2.46 Cr Purchase Dispute, ITAT Steps In & Remands for Fresh Decision
ITAT Orders Fresh Adjudication due to non-receipt of notices & personal circumstances
CIT(A) Misreads Jewellery Sale as Purchase: ITAT quashes Cash Deposit Addition
No Fair Hearing, No Valid Assessment – ITAT Backs Remand for Fresh Inquiry
ITAT reduces Unexplained Deposit Addition from ₹2.28 Crore to ₹63,133
Sale of Gold Bar through Bank Proved Genuine – ITAT Deletes Addition u/s 69A
ITAT Deletes ₹3.94 Crore TP Adjustment for Captive Software Provider
AO Jumped the Gun – Final Order Passed Before DRP, ITAT Hits Reset
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.
