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.
Reassessment Quashed as Section 151 Approval Failed Application-of-Mind Test: ITAT Agra
Fling Form 10AB Instead of Form 10A Is Curable Error: ITAT Mumbai
Section 69C Cannot Apply When Source of Purchases Is Explained: Bombay HC
Retirement Benefits Wrongly Included in Taxable Income Rectifiable under Section 154: ITAT Rajkot
ITAT Rajkot Allows Section 154 Rectification of Typographical Error in Return
ITAT Kolkata Allows Trust Exemption Despite Belated Return and Form 10B
ITAT Kolkata Allows Charitable Section 11 Exemption Despite Delayed Form 10B Filing
Late Filing of Form 10B Cannot Defeat Section 11 Exemption: ITAT Mumbai
Year-End Provisions Reversed Without Income Accrual May Escape TDS: ITAT Bangalore
Audit Report Filed During Assessment Satisfies Section 80-IB Requirement: Allahabad HC
Section 11 Exemption Cannot Be Denied to Educational Trust Merely for Charging Extra Fees: ITAT Cuttack
Section 148 Notice Giving “Within 30 Days” Invalid; Reassessment Quashed: ITAT Mumbai
Books Cannot Be Rejected for Non-Audit Without Defects; Unexplained Investment Addition Deleted: ITAT Mumbai
Interest Expense Allowed; Unexplained Investment Issues Remanded for Verification: 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.
