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.
No Section 272A(1)(d) Penalty waiver for Subsequent Appearance Without Explaining Non-Compliance: ITAT
No CWIP Interest Capitalisation for Existing Building, Gujarat HC Rejects MAT Addition
Section 40 BMA Interest Unsustainable on Disclosed Foreign Source: ITAT Chennai
Section 194B Online Gaming Threshold Applies Per Payment, Not Aggregate Winnings: ITAT Mumbai
ITAT Chennai Allows Goodwill Depreciation & Land Development Deduction as Revenue Expenditure
Cash Found in Locker Explained by Assessee, Section 69A Addition Deleted: ITAT Mumbai
Change of Opinion Cannot Justify Reopening Beyond Four Years: Gujarat HC
TDS Exemption on Interest Paid to Non-Member Co-operative Societies under Section 194A(3)(v): Bombay HC
GST Demand Based on Unrevised Return Despite Corrected Return Requires Examination: Delhi HC
Forex Loss on Capital ECB Converted into Equity Is Capital Loss, Not Revenue Deduction: ITAT Chennai
CIT Exemption Cannot Make 12AB & 80G Approval Conditional on Proposed SC Challenge: ITAT Mumbai
Section 263 Revision Cannot Apply Where AO Conducted Specific Enquiry & Accepted Reimbursement: Bombay HC
Rajasthan HC Sets Aside Benami Property Orders Over Denial of Cross-Examination
ITAT Rajkot Allows Section 87A Rebate on Section 111A Gains for AY 2025-26
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.
