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 for Lack of Competent Section 151 Approval: Mumbai ITAT

Buyback of Unexercised ESOPs Taxable as Capital Gains: Bangalore ITAT

Mumbai ITAT Deletes ₹14 Lakh Accommodation Entry Addition; Search Report Alone Insufficient

Chennai ITAT: Agricultural Income Claim Restored for Fresh Opportunity

Bangalore ITAT Allows AOP Trust to Carry Forward and Set Off Losses Despite No Section 12A Registration

Section 54F Computation Error in ITR Utility and Tax Software (AY 2026-27)

Delhi ITAT Deletes Section 68 Addition on Opening Loan Balance, Cancels Penalty

Pune ITAT Remands Capital Gains and Section 54F Dispute for Fresh Verification

Madras HC Condones Delay in Form 10B Filing Despite CBDT Time Limit

Broadband Trial Run Income Before Commissioning Is Capital Receipt: Bombay HC

Ahmedabad ITAT Grants BSNL VRS Exemption, Condones Delay and Orders Refund Despite Belated Claim

Mumbai ITAT Upholds Depreciation on Goodwill from NCLT-Approved Amalgamation

Mumbai ITAT Deletes ₹35.60 Lakh CCM Addition; Investigation Wing Information Alone Not Enough

HC Sets Aside 200% Section 270A Penalty for Misreporting Due to Defective SCN
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.
