Income Tax
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Jodhpur ITAT Quashes Search Assessment for Mechanical Section 153D Approval

Penny Stock LTCG Exemption Cannot Be Denied Solely on Investigation Wing Report: ITAT Mumbai

LTCG Exemption Cannot Be Denied Solely on Investigation Wing Report: ITAT Mumbai

Tax-Free Reimbursements vs Fixed WFH Allowances: Tax Treatment

Delay in Filing Form 67 Should Not Defeat Foreign Tax Credit Claim: Gujarat HC

Andhra Pradesh HC Orders Refund of Double Tax Paid on Same Capital Gains

Karnataka HC Upholds Section 153C Notices Within Extended 10-Year Assessment Block

Bona Fide ITR Mistake Should Not Deny Partner’s Remuneration Deduction: ITAT Ahmedabad

Gujarat HC Holds Search Assessment Year Counts for Extended 10-Year Reassessment Period

Facts of One Assessment Year Cannot Be Used for Another: Orissa HC

AP HC Directs Acceptance of Delayed Return to Grant Section 80P Benefit

Section 263 Invalid Where AO Adopted Plausible View on Bogus Purchases: Gujarat HC

ITAT Annuls Section 153C Assessments for Common Satisfaction Note Across Assessment Years

ITAT Kolkata Quashes Section 263 Revision for Lack of Error & Revenue Prejudice
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.
