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.
Assessment Ignoring DRP Directions on Transfer Pricing Adjustment Quashed: ITAT Delhi
No Addition Where Stamp Duty Value Difference Is Within Tolerance Limit: ITAT Rajkot
No Section 271(1)(c) Penalty if Reopened Return Was Accepted Without Any Addition: ITAT Delhi
Delhi ITAT: Demonetisation Addition Deleted Despite No Cash Balance in Earlier Section 44AD ITRs
No Section 14A Disallowance Without Exempt Income; Wrong TDS Section Doesn’t Trigger Section 40(a)(ia): Delhi HC
ITAT Chennai: CIT(A) Should Have Condoned 23-Day Delay & Decided Appeal on Merits
Kerala HC Sets Aside Section 270A Penalty After Section 80P Deduction Was Allowed
ITAT Deletes 200% Penalty on Disallowed Section 80GGC Political Donation Claim
No Deduction for Unsupported Secret Commission Payments: Karnataka HC
ITAT Mumbai: Interest From Head Office Not Taxable; Allows Hub Costs, Broken-Period Interest, MTM Losses & Securities Diminution
Delhi HC Issues Show Cause to AO on Recovery of Delay Interest From Salary
No Section 153C Action Based on Unrelated Third-Party Documents: Supreme Court
Rental Income From Unused Premises Doesn’t Bar Section 12AB Renewal: ITAT Delhi
Only Profit Element Taxable on Bogus Purchases if Sales Accepted: ITAT Ahmedabad
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.
