Income Tax
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Bangalore ITAT Restores ₹34.10 Lakh Section 54 Claim, Rejects CIT(A) Non-Prosecution Dismissal

Bangalore ITAT Deletes Section 68 Addition on Specified Bank Note Deposits by Co-op Society

Bangalore ITAT Remands ₹14.07 Lakh Deposits & Investments Case of Disabled Agriculturist

Bangalore ITAT Upholds Section 69A Addition: No Evidence Furnished to Explain Source of Cash Deposits

Bangalore ITAT Restores Assessment Made Under Old PAN Despite Return Being Filed Under New PAN

Bangalore ITAT Restores Agricultural Income Case Over ₹26.64 Lakh: Portal Size Restrictions Cited

Bangalore ITAT Restores 8% Profit Estimation on ₹2.52 Crore Export Turnover for Fresh Adjudication

Bangalore ITAT: CIT(A) Cannot Rely on Portal Delivery Report Without Hearing Assessee

Bangalore ITAT Quashes Reassessment: PCIT Not Competent to Sanction Notice Issued Beyond Three Years

Bangalore ITAT Allows Full Exemption for BSNL VRS Compensation under Section 10(10B)

Depreciation Allowable on Entire ₹268 Crore Rajasthan Royals Franchise Cost: ITAT Mumbai

Partner’s Capital Received Through Demand Drafts Cannot Be Added Under Section 68: Gujarat HC

Foreign-Leg LTC Not Exempt Under Section 10(5); TDS Liability Sustained: ITAT Patna

Refund Must First Adjust Against Interest Before Principal Tax: ITAT Mumbai
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.
