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.
Penalty u/s 270A Invalid Where Donation Claim Withdrawn and Tax Paid
Same Product Does Not Bar 80-IA/80-IB Deduction for New Unit: Delhi ITAT
ITAT Mumbai Restores 12AB Registration, Rejects Commerciality & Foreign Expenditure Grounds
₹37.74 Lakh Motor Accident Compensation Upheld; No Tax Deduction Below ₹5 Lakh: Chhattisgarh HC
Functionally Dissimilar BPO Comparables Excluded; Section 10A Relief Upheld: ITAT Delhi
ITAT Mumbai Remands 12AB Cancellation for Clear Specified Violation Charges
ITAT Bangalore Excludes Functionally Dissimilar and High-Turnover Comparables
Pre-29 March 2022 Faceless Reassessment Without Jurisdiction: ITAT Mumbai
ITAT Mumbai Deletes Management Fee TP Adjustment Applying Consistency in Earlier Years
NRE Transfers Through Banking Channels Do Not Sustain Section 69 Addition: Gujarat HC
ITAT Jodhpur Sets Aside 12AB and 80G Rejection of Charitable Eye-Camp Trust
ITAT Chennai Allows ₹12.27 Lakh Leave Encashment Exemption Under Revised ₹25 Lakh Limit
Belated Return Does Not Invalidate Assessment Without Section 143(2) Notice: ITAT Chandigarh
ITAT Delhi Remands Advance Write-Off and MAT Credit Claims for Verification
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.
