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.
AE Can Be Tested Party for RPM Benchmarking in Merchant Trading: ITAT Delhi
Penalty Not Leviable Where Section 148 Return Accepted Without Addition: ITAT Ahmedabad
Carbon Credits Capital Receipts; Corporate Guarantee ALP Restricted to 0.5%: ITAT Ranchi
Section 80IA Deduction Need Not Be Reduced While Computing Other Deductions: Allahabad HC
Reopening on Issues Examined in Original Scrutiny Is Change of Opinion: Gujarat HC
Unexplained Source of Partner Capital Taxable in Partner’s Hands, Not Firm: ITAT Raipur
Interest on Unsold Flats Is Revenue Expense After Project Completion: ITAT Mumbai
Old Section 12A Certificate Loss Cannot Invalidate Existing 12AB Registration: ITAT Mumbai
Sun Pharma’s ₹263.69 Crore LLP Capital Loss Claim Remanded for Valuation: ITAT Ahmedabad
Mechanical Section 153D Approval Without Application of Mind Invalidates Assessment: ITAT Delhi
RFCTLARR Compensation Exempt From Income Tax Except Section 46 Cases: AP HC
No Income Booking Alone Cannot Justify Business Expense Disallowance: Gujarat HC
Writ Against DVO Reference Not Maintainable at Premature Stage: Calcutta HC
Section 54 Exemption Denied Where New House Bought Solely in Wife’s Name: P&H 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.
