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.
Reassessment Notice Quashed for Lack of Proper Sanction under Section 151
ITAT Jaipur Upholds Bogus Loan Additions, Slams Assessee’s Counsel for Misconduct
ITAT Delhi Quashes Reopening Based on Bogus Purchases for Being Time-Barred
Notice u/s. 143(2) issued by non-jurisdictional officer is unwarranted: ITAT Delhi
Addition towards unsecured loan sustained as three ingredients u/s. 68 not established
AO Cannot Reopen Assessment U/s. 147 Before 143(2) Period Expires: ITAT Mumbai
Single order with single DIN against multiple appeals on identical issue is valid: Kerala HC
Notice issued within time but Served After Limitation Period Voids Reopening: ITAT Kolkata
CIT(A) Cannot Delete Loan Additions Without Allowing AO to Verify Additional Evidence
Premature or Time-Barred Section 143(2) Notices Invalidate Assessment: ITAT Mumbai
No One-to-One Matching Needed for Bank Deposits When Sources Are Verified – Adhoc Cash Deposit Addition deleted
Entire Forex Turnover Cannot Be Taxed Without Verification: ITAT Mumbai
ITAT Upholds Deletion of Bogus F&O Loss Additions; Post-Search Reports Cannot Justify 153A
80G Cannot Be Denied Merely Because One Object Seems Religious – ITAT Says Check 5% Rule & Facts Properly
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.
