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.
Survey Surrender Is Not Concealment in the Return: Penalty of ₹1.18 Crore u/s 271(1)(c) Deleted
Wrong Box Ticked, Right to Approval Cannot Be Kicked: Form 10AB Application u/s 80G(5) Restored
AO Forgot Original Scrutiny: ₹3.25 Cr Addition u/s 68 Quashed
ITAT Deletes ₹4.10 Crore Estimated Profit Addition Based on Guesswork or Caprice
ITAT Restores Section 270AA Immunity Application for Fresh Consideration
Rajasthan HC Dismisses Immunity Plea for Section 270A Misreporting Penalty
Bombay HC Quashes Reassessment Initiated Against Deceased Assessee for AY 2021-22
Reassessments u/s 147/148 Quashed for Failure to Pass Speaking Order: Bangalore ITAT
Bangalore ITAT Condoned 119-Day Delay, Rejects Tax on ₹63-Lakh Sale Without Costs
GKN Breach Quashes ₹1.67-Crore Reassessment Addition u/s 68: Bangalore ITAT
882-Day Delay Condoned: Bangalore ITAT Rechecks Double Disallowance U/s 36(1)(va) & 40(a)(ia)
GST Demand Against Deceased Proprietor Invalid Without Statutory Machinery: Calcutta HC
FCCDs Are Not Shares Until Conversion: Bangalore ITAT Deletes ₹3.88-Crore Addition u/s 56(2)(viib)
ITAT Delhi Quashes Section 263 Revision on Section 28 Land Acquisition Interest
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.
