Income Tax
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ITAT Surat Deletes Section 68 Addition on Genuine LTCG from Penny Stock Sale

ITAT Deletes Rs.4.95-Lakh Ad Hoc Disallowance Over Handmade Vouchers

Internal TNMM Superior to External TNMM with Reliable Segmental Data: ITAT Chennai

ITAT Mumbai Allows Section 10(38) Exemption on Lifeline Drugs Share Gains Despite Penny Stock Allegations

ITAT Delhi: Reassessment Notice Issued in Name of Dead Person is Invalid

Gujarat HC Quashes Section 148 Notice Issued in Name of Deceased Assessee

ITAT Visakhapatnam Quashes Reassessment for JAO-Issued Section 148 Notice

ITAT Pune Allows Full Leave Encashment Exemption for DOT and BSNL Service

ITAT Delhi Deletes Rs 10.13 Crore Bogus Purchase Disallowance Based on Mere Allegations

Section 263 Revision Quashed Where AO Took Plausible View on Deposits

SC Declines Interference with HC Quashing Section 153C Notice to Deceased Assessee

ITAT Surat Deletes Section 271(1)(c) Penalty on Ad Hoc Bogus Purchase Addition

Business Income Declared, Rs.4.50-Lakh Cash Deposits Unexplained u/s 69A

ITAT Mumbai Remands Tech Mahindra Transfer Pricing Issue for Fresh Benchmarking
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.
