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.
Net Interest Income Bars Section 14A & 36(1)(iii) Disallowance: ITAT Mumbai
Section 154 Rectification on ESI/PF Deduction Not Permissible: ITAT Delhi
Section 153D Approval Mandatory: Delhi ITAT Invalidates Assessment Over Missing Record
Non-Speculative F&O Losses Allowed to Set Off Against Capital Gains
ITAT Deletes Addition on Alleged Shell Company Funds as AO Failed to Prove Transaction
Delhi HC Allows Partial Payment to Lift Freeze on 13 Bank A/cs in Income Tax Matter
Mere differences in opinion between ITO & PCIT cannot justify revision: Delhi HC
Revenue Cannot Adjust AMP Expenses Without Tangible Evidence: Delhi HC
Depreciation Allowed on Trucks Registered in Partners’ Names by ITAT Mumbai
Section 271(1)(c) Penalty Notices Without Specific Limb Quashed: Delhi HC
ITAT Deletes ₹15 Crore Section 68 Cash Credit Addition on Old Car Sales Proceed
Section 10(10A) Commutation Pension Exemption allowable Despite Subsequent Employment
Calcutta HC Denies Interest on Refund Adjusted Beyond 20% Pending IT Appeal
Section 148 Reassessment Stayed Pending SC Verdict: HP 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.
