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 Delhi Quashes Reopening for Short Section 148 Notice; Restricts Bogus Purchase Addition to 5%
No Coercive Recovery of ₹29.24 Crore Tax Demand Until Stay Application Decided: Patna HC
Sonu Sood Search: ITAT Mumbai Remands ₹76 Lakh Addition in Wife Sonali Sood’s Case
GST Demand Quashed as Central Proceedings Overlapped State Proceedings: Gujarat HC
SBI Not Assessee in Default for Following Court’s No-TDS Direction on LFC: ITAT Mumbai
₹814.40 Crore CCPS Reclassification Credit Not Taxable Under Section 56(2)(viib): ITAT Delhi
Section 50C Addition Deleted as Sale Consideration Fixed Before Registration: ITAT Chennai
ITAT Mumbai Deletes 8% Purchase Addition After Purchases Accepted as Genuine
Mechanical Section 153D Approval Invalidates Search Assessments: ITAT Delhi
Portuguese Civil Code Cannot Divide Registered Share Voting Rights for Section 2(22)(e): Bombay HC
Mechanical Reopening Based on Incorrect Facts Quashed: Bombay High Court
Harshad Mehta AY 1993–94: ITAT Mumbai Deletes Unsupported Securities Additions
Corporate Guarantee for AE Falls Under Section 92B; 0.20% Commission Is ALP: ITAT Mumbai
Rule 128 Effective From 01.04.2017 Cannot Deny Kenya Foreign Tax Credit for Earlier Return: ITAT Mumbai
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.
