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.

Bangalore ITAT Remands TDS Disallowance, ₹10.70-Crore Credits & U/s 271AAC Penalty

Bangalore ITAT Restores Medical Store’s ₹13.50-Lakh Demonetisation Deposit Case to CIT(A)

Bangalore ITAT Orders Fresh Verification of ₹1 Crore Customer Advance U/s 68

Solar Plant Approval in Another Entity’s Name Denies ₹9.67-Lakh s.80-IA Claim: Bangalore ITAT

Bangalore ITAT Allows BSNL VRS Exemption u/s 10(10B), Retrospective ₹25-Lakh Leave Encashment Benefit

ITAT Chennai Allows Section 87A Rebate on Special Rate Income

Bangalore ITAT: AY 2016-17 Material Cannot Travel Backwards u/s 153C; Liquor Profit Cut to 5.5%

ITAT Allows BSNL VRS Compensation ptionExem Under Section 10(10B)

Delhi HC Sets Aside ITAT Remand on management fees, out-of-books receivables & book profits

ITAT Ahmedabad Allows Section 80P(2)(d) Deduction on Co-operative Bank Interest

₹2.15-Crore 69A Addition Restored; Ahmedabad ITAT Deletes 271AAC, Upholds ₹20,000 272A Penalty

Delhi HC Quashes Reassessment as Unsecured Loan Alone Cannot Show Escaped Income

SC Upholds Gujarat HC Decision Quashing Reopening Beyond Four Years

Gujarat HC Quashes Reopening Beyond Four Years Without Failure to Disclose Material Facts
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.
