Income Tax
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Gujarat HC Quashes Reopening Beyond 4 Years as 2(22)(e) Conditions Were Not Met

ITAT Indore Limits ₹46.78 Lakh Section 69 Addition to ₹8 Lakh Based on Actual Purchase Price

ITAT Delhi Upholds Rs.8.50 Lakh LTCG Addition on Fresh Section 54 Claim

New Income Tax Form Form 104 Replaces Form 10A for NPOs

New Income Tax Form 39 Replaces Form 10E for Tax Relief Claims

New Income Tax Form 26 Consolidates Forms 3CA, 3CB and 3CD

Income Tax Form No. 145 (Erstwhile 15CA) Introduced with UDIN

ITAT Delhi Quashes Search Assessment as Time-Barred Under Section 153C

SC Upholds Dismissal of Challenge to Section 153C Notices

ITAT Hyderabad Applies Circle Rate for JDA Gains, Restores Section 54F

Bombay HC Follows Hexaware, Quashes Section 148 Notice

ITAT Upholds CUP for Stock Broking ALP and Deletes Section 73 Disallowance

ITAT Panaji Quashes Reopening Based on Survey Admission Without Tangible Material

ITAT Mumbai Quashes Reopening Over Incorrect Penny Stock Information Under Section 147
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.
