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.

Missed Deadline, Lost Income Tax Refund: Is Government Profiting from Taxpayers’ Mistakes?

25 Important Income Tax Return Filing Checklist Points for Taxpayers

Section 12AA Registration Cannot Be Cancelled on Mere Capitation Fee Allegations: ITAT Chennai

No Reassessment Addition Without Addition on Recorded Reason: ITAT Surat

Hub Expenses and Broken Period Interest Allowed: ITAT Mumbai

Genuine Business Purchases Cannot Be Disallowed Over Contract Expiry: ITAT Delhi

Section 13 Violation Does Not Warrant Denial of Entire Section 11 Exemption: ITAT Delhi

Section 148 Reassessment Notice Quashed as Time-Barred Under Section 149: ITAT Cochin

Section 69 Addition Deleted for Home Loan Cash Deposits: ITAT Delhi

Section 68 Additions for Demonetisation Cash Deposits Deleted: ITAT Raipur

Section 69A Addition Set Aside as Beyond Scope of Appeal: Allahabad HC

HC Order Quashing Section 148 Reopening Upheld; SLP Dismissed: SC

Section 148 Notice Quashed for Lack of Independent Application of Mind: Gujarat HC

Assessment Set Aside Over Mechanical Section 153D Approval: Orissa 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.
