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.
Buyer’s Denial Alone Can’t Justify Section 69A Addition: ITAT Hyderabad
Section 147 Reassessment Quashed for Lack of Jurisdiction: ITAT Kolkata
Only Net Income of Trust Taxable Despite Section 11 Denial: ITAT Hyderabad
Section 271D Penalty Deleted on Journal Entry Loan Transfer: ITAT Mumbai
AO Cannot Demand Proof Once Bad Debt Is Written Off: ITAT Mumbai
Bona Fide Wrong Head of ESOP Income not Attracts Section 270A Penalty: ITAT Mumbai
WhatsApp Chats & Excel Sheets Can’t Justify Taxing Gross Receipts: ITAT Mumbai
Section 148A(b) Notice Giving Less Than 7 Days Is Unsustainable: Karnataka HC
Reassessment Quashed for Ignoring Assessee’s Reply: Karnataka HC
Department Directed to Decide Refund of Excess Tax Recovery: Karnataka HC
Reassessment Quashed for Non-Service of Section 148A(b) Notice: Karnataka HC
Business Advance Not Taxable as Forfeiture Due to Passage of Time: Karnataka HC
Assessment Order Treated as Fresh SCN; Demand Quashed: Karnataka HC
Section 68 Addition Not Sustainable Once Lender’s Source Is Taxed: ITAT Chennai
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.
