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 276C Prosecution Quashed After Section 271(1)(c) Penalty Deletion: Madras HC
Section 148 Notice Quashed for Absence of Section 150 Finding or Direction: ITAT Bangalore
ITAT Mumbai allowed Section 87A Rebate on Section 111A STCG
Capital Loss Carry Forward Cannot Be Denied for Inadvertent Schedule CFL Omission: ITAT Mumbai
Cash Already Taxed Cannot Be Taxed Again Under Section 69A: ITAT Chennai
Section 54 Deduction Cannot Be Restricted for Joint Purchase With Wife: ITAT Mumbai
Redeveloped Flat on Surrender of Tenancy Rights Taxable as Capital Gains; Section 54F Relief Allowed: ITAT Mumbai
Unexplained Cash Credit Addition Deleted on Loan Repayment Establishment: ITAT Delhi
R&D Expenses Cannot Reduce Section 80IB/80IC Deduction Without Nexus: Bombay HC
Members Guest Receipts Exempt on Mutuality Principle: ITAT Pune
Reopening Notice & Tax Demand Against Dissolved Company Quashed: Bombay HC
SC Remands Section 148 Reassessment Matters to HC for Fresh Consideration
Section 148 Notices & Order Quashed for Ignoring Finance Act, 2021 Procedure: Telangana HC
Section 35D Deduction for REIT IPO Expenses Rejected as Assessee Is Not a Company: ITAT Bangalore
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.
