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.

Infosys and Infosys BPO Excluded as TP Comparables: Karnataka HC

Revenue Fails to Prove Perversity in Transfer Pricing Comparables: Karnataka HC

Product Replacement Services Merit TNMM Over RPM: Karnataka HC

₹200 Crore Turnover Filter for TP Comparables Valid: Karnataka HC

Single-Year Loss Cannot Justify Exclusion of TP Comparable: Karnataka HC

Unexplained Bank Credits Cannot Justify Roving Reassessment Inquiry: Karnataka HC

Section 148 Notice Cannot Rest on Unexamined Taxpayer Explanation

Upper Turnover Filter Valid for Transfer Pricing Comparables: Karnataka HC

Karnataka HC Restores Section 154 Rectification for Wrong Return Entry

AO Cannot Start Reassessment Scrutiny Before Deciding Objections: Bombay HC

Delhi HC Upholds Reopening of Zoom Insurance Brokers for AY 2020-21

No Section 14A Interest Disallowance on Back-to-Back Lending: Gujarat HC

Section 153C Assessment Beyond Ten-Year Period Time-Barred: Delhi HC

CBDT Must Decide Plea for Duplicate PAN Cancellation Timeline: Delhi 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.
