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 Quashed for Addition Based on Retracted Search Statements & missing DIN
NFAC Order Set Aside for Ignoring Written Submissions & Failure to Record Reasons
No Second Guessing AO’s Judgment – ITAT Nullifies PCIT’s 263 Revision as Overreach
PCIT’s 263 Revision Quashed – AO’s Enquiry on Goodwill, Warranty & CSR Found Proper
Non-Compliance with Earlier ITAT Directions – Matter Remanded Again to AO for Verification of Deductees
Partial Relief on Cash Deposits – ITAT Agra Accepts Loan Recovery & Past Savings as Explained Sources
Reassessment Notices beyond Limitation – ITAT Delhi Quashes Proceedings
FTC Cannot Be Denied If Form 67 Filed late but Before Assessment Completion
ITAT Deletes ₹2 Lakh Demonetisation Cash Addition Citing CBDT Instruction
Condonation of 447-day delay by Income Tax Dept in filing appeal against acquittal was allowed in tax evasion case
Registration u/s. 12A r.w.s 12AB granted as genuineness of activity of trust established
Payment towards bandwidth services cannot be characterized as royalty under India-UAE DTAA
Jurisdictional objection after one month of service of notice u/s. 143(2) is not tenable
No addition u/s. 153A for unabated year be made without incriminating material
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.
