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.
ITAT Sets Aside Section 50C Addition as DVO Valuation Fell Within Tolerance Band
ITAT Allows 60% Depreciation on UPS, Restricts Section 14A Disallowance
Books Can’t Be Rejected Merely for Profit Decline or No Stock: SC
ITAT Upholds Denial of Section 10(38) Exemption on SRK Industries Shares
ITAT Deletes Section 68 Addition on Recorded Cash Sales During Demonetisation
ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits From Recorded Jewellery Sales
ITAT Quashes ₹2.74 Crore Section 68 Addition on Cash Deposits Supported by Books
ITAT Deletes Section 68 Addition on Recorded Jewellery Cash Sales
ITAT Upholds Deletion of Section 68 Addition on Demonetisation Jewellery Sales
Trade Advances Converted into Sales Cannot Be Taxed Under Section 68: ITAT Chennai
ITAT Deletes Demonetisation Addition Based on Mere Suspicion & Presumptions
Ad Hoc Addition Without Speaking Order Cannot Be Sustained: ITAT Lucknow
Trust Registration Cannot Be Denied Solely on One Restrictive Object: ITAT Surat
Religious-Cum-Charitable Trust Cannot Be Denied Section 12AB Registration: 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.
