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.
Section 153C Ten-Year Block for Non-Searched Person Runs From Material Receipt Date: ITAT Delhi
Source of Source Not Required for Section 68 Loans in AY 2009-10: ITAT Rajkot
Vague Information Without Entity Names Cannot Sustain Section 147 Reassessment: ITAT Delhi
Supreme Court Stays Section 153C Proceedings in Siddharth Totuka Case
Reopening Merely for Verification Invalid; Supreme Court Dismisses Revenue SLP
Reopening Merely to Verify Documents Without Reason to Believe Invalid: Bombay HC
Addition Beyond Limited Scrutiny Scope Without Prior Approval Unsustainable: ITAT Delhi
₹2.48 Crore Section 68 Addition Deleted as Bank Credits From Money Transfer Business Explained: ITAT Mumbai
Excess Stock Forming Part of Business Stock Cannot Be Treated as Section 69 Income: Andhra Pradesh HC
Section 115BBE Not Applicable When Excess Stock Is Traceable to Business Income: ITAT Chandigarh
Section 271AAB Penalty Notice Must Specify Applicable Limb: ITAT Chennai
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: Madras HC
Section 271AAB Penalty Invalid if Notice Fails to Specify Applicable Clause: ITAT Hyderabad
10% Tax Demand Deposit Unjustified Where Trust Has Strong Prima Facie Case: Bombay HC
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.
