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.
TCS liability against mining officer was valid as compounding fees from Illegal Mining was treated as ‘Transfer of Rights’
Surrendered income during survey cannot be treated as unexplained income so higher tax u/s. 115BBE not justified
Assessment u/s. 153A quashed as based on common approval u/s. 153D
Seized amount prima facie proceeds of crime cannot be treated as income before conclusion of PMLA trial
Treatment of income due to mere presence of blank cheque without any other evidence not tenable
Section 80IA Deduction Restored: ITAT Follows High Court Quashing Approval Withdrawal Order
Demonetisation Cash Deposit Relief: ITAT Restricts Addition to 5% Estimated Profit
Bogus Purchase Bills, Real Sales- ITAT Says Tax Only the Profit – Not a Blind 25% Cut
Cash Withdrawals Exceed Deposits? ITAT Deletes Sec. 69A Addition, Shifts Burden to Department
No Tax Addition Without Cross-Examination: ITAT Remands ₹2.24 Cr Demand on Charitable Trust
ITAT Limits S. 271(1)(b) Penalty: One Default for Repeated Information Requests
Section 56(2)(vii)(b) Addition Deleted: Why Pre-Amendment Law Applies to Property Booked in 2012
Demat Share Deal Genuine: Why ITAT Accepted LTCG Despite ‘Penny Stock’ Allegation
Penny Stock? Prove It First!” – ITAT Slams Assumptions, Accepts LTCG as 100% Genuine
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.
