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.
Madras HC Upholds Assessment Where Section 127 Transfer Order Was Not Denied
Bombay HC Quashes Section 127 Transfer After Search Assessment Already Completed
Late Form 10B Filing Cannot Deny Section 11 & 12 Exemption: ITAT Mumbai
ITAT Delhi Deletes Section 68 Addition for Loans Without Corroborative Search Material
ITAT Kolkata Deletes ₹20 Lakh Addition Based Solely on SMS and WhatsApp Messages
ITAT Delhi Rejects Section 69C Addition Based on Uncorroborated WhatsApp Chats
Bombay HC Holds Time-Barred Liability Does Not Cease, Restricts Bogus Purchase Addition to 12.5%
ITAT Allows Section 11 Exemption for AY 2020-21 After 12AB Registration
Delhi HC: ₹55-Crore Foreign Investment Cannot Be Added u/s 68 After Evidence Established
Section 68 Addition in Wrong Year Unjustified Even for Colourable Device: Delhi HC
Delhi HC Upholds Penalty Deletion Over Ambiguous Section 271(1)(c) Notice
TDS Credit Cannot Be Denied Merely for Non-Reflection in Form 26AS: Bombay HC
Mumbai ITAT Deletes ₹68.41 Lakh Penny Stock Addition as Documentary Evidence Proved LTCG
Mumbai ITAT Deletes ₹25 Lakh Addition After Identity, Creditworthiness and Genuineness Proved
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.
