Income Tax
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Jaipur ITAT: Explained Bank Credits Not Taxable U/s 69A for AO Non-Compliance

Kolkata ITAT: ₹20.13 Cr Bank Credits Not Turnover; Fresh Chance to Prove Pass-Through Transactions

Kerala HC Directs CIT(A) to Decide 7-Year-Pending Income Tax Appeal

ITAT Pune Quashes Assessment Framed on Deceased Assessee Despite Legal Heir’s Participation

ITAT Mumbai: Section 12AB Registration Cannot Be Subject to Conditional Rider

Gujarat HC Quashes Section 148 Reopening for Absence of New Tangible Material

ITAT Delhi Deletes Section 69B Jewellery Addition for Items in Siblings’ Locker

Delhi HC: Audit Fee to Be Paid by Union for Audit Ordered Under Section 142(2A)

Madras HC: Investigation Wing Information Alone Cannot Justify Reassessment

ITAT Bangalore: Property Cost Cannot Be Assumed Nil Merely for Lack of Old Records

Gujarat HC Sets Aside Section 148 Reopening Where Depreciation Facts Were Disclosed

ITAT Mumbai: Section 68 Addition Deleted as Loan & Share Capital Transactions Were Genuine

Madras HC Allows Section 37(1) Deduction for Mandatory Site Restoration Cost

Gujarat HC: VAT Department Covered as Law Enforcement Agency Under Tax-Effect Exception
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.
