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.
Who Can Assess? Jurisdiction, Transfer & Change of Incumbent – Sections 120, 124, 127 & 129
Section 148 Reopening Cannot Rest on Presumptions of On-Money Receipt: Gujarat HC
Earlier Rejection Does Not Bar Fresh Section 12AB Application: ITAT Bangalore
ITAT Mumbai Rejects CUP Method, Deletes Transfer Pricing Adjustment on AE Exports
ITAT Cannot Rely on Subsequent Assessment to Uphold Section 263 Revision: Gujarat HC
ITAT Chennai Upholds Section 263 for Lack of Inquiry in Faceless Assessment
Notional Interest Income Cannot Be Taxed Under Section 40A(2)(b): ITAT Jaipur
Gujarat HC Quashes Section 148 Notice Based on Factually Incorrect Penny Stock Allegation
Debatable PF-ESI Issue Cannot Be Adjusted Under Section 143(1): ITAT Kolkata
Rajasthan HC Orders Release of Seized ₹7.35 Lakh After Acquittal, Directs Income Tax Verification
Bengaluru ITAT Allows Full Section 10(10B) Exemption for BSNL VRS
Mumbai ITAT Quashes Reassessment; PCIT Approval Invalid Beyond Three Years
ITAT Delhi Restricts Demonetisation Cash Deposit Addition to ₹3.50 Lakh
ITAT Delhi Allows Section 54 Exemption for Multiple Floors of One Residential House
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.
