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.
Omitted legitimate claim can be considered under Section 264: Bombay High Court
ITAT Rejects Mechanical 5% Profit Estimate on Stamp-Duty Collections
BPO Not KPO: ITAT Rejects Comparables, Deletes 14A Disallowance & Treats Forex as Operating Item
Section 92BA(i) Omission Prospective; Dixon Gets TP and Expenditure Relief
Commission Expense Cannot Be Disallowed Without Verification: ITAT Delhi
ITAT Grants Fresh Opportunity in Ex Parte Assessment as Evidence Was not Considered
Section 153C: Binding Delhi HC Precedent Trumps ITAT’s Contrary View
32-Day Bank Loan Cannot Be Branded Accommodation Entry: ITAT Delhi
ITAT Orders Fresh Look at Agricultural Land Taxability
ITAT Quashes Reassessment for Absence of Section 143(2) Notice
ITAT Deletes Section 270A Penalty for Failure to Specify Misreporting Limb
Gujarat HC Quashes Section 148 Notice for Lack of Live Link with Seized Material
TOLA Cannot Save Belated Reassessment for AY 2015-16: Gujarat HC
AY 2015-16 Reassessment Notices Issued After 1 April 2021 Time-Barred: Gujarat 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.
