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.
Delhi ITAT Deletes ₹37.79-Lakh Cash Addition: No Double Tax in Joint Holder’s Hands
Rajkot ITAT Restricts Vehicle-Purchase Addition to 10%; Holds Section 115BBE Inapplicable
Delhi ITAT Deletes ₹14-Lakh Bogus Purchase Addition on Genuine Supplier Transactions
Delhi ITAT Quashes Reassessment Framed Under Old Regime After 1 April 2021 Notice
BSNL VRS Compensation Is Fully Exempt as Retrenchment Compensation: ITAT Pune
DCF Valuation Cannot Be Judged with Hindsight: Delhi ITAT Deletes ₹168.31 Share-Premium Addition
Section 80-IA Deduction Is Based on Tax-Adjusted Profits, Not Restricted to Book Profits: Pune ITAT
Pune ITAT Restricts Section 69A Addition to 12% of Cash Deposits
Mumbai ITAT Upholds ₹176.26 Crore Section 69A Addition for Unproved Diamond Sales
Section 40(a)(i) Disallowance Cannot Be Decided Before Section 201 Appeal: ITAT Mumbai
Pre-NCLT Income Tax Demands Stand Extinguished and Irrecoverable: Delhi ITAT
Reimbursement Receipts Cannot Justify Proportionate TDS Credit Denial: Mumbai ITAT
Suspicion Cannot Replace Evidence: Chennai ITAT Deletes ₹9.66 Crore Additions
Allotment Letter Can Be “Agreement” for Section 56 Valuation: Mumbai ITAT
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.
