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 28 Land Acquisition Interest Is Compensation and No TDS Deduction Permissible: Karnataka HC
No TDS on Compulsory Land Acquisition Compensation: Karnataka HC
Karnataka HC Directs Release of Land Acquisition Compensation Withheld Towards TDS
SC Dismisses Revenue SLP in Section 143(2) Limitation Case; Question of Law Left Open
Section 271AAB Penalty Quashed as Notice Failed to Specify Applicable Limb: ITAT Pune
Section 271AAB Penalty of Rs.43.78 Lakh Deleted for Defective Notice: ITAT Delhi
Section 271AAB Penalty Invalid When Notices Fail to Specify Applicable Limb: ITAT Delhi
Pen Drive Entries Without Corroboration Cannot Sustain Addition: ITAT Chennai
Cash Addition Based on Third-Party Loose Sheets Without Corroboration Deleted: ITAT Chennai
Section 147 Reopening on Mere Suspicion of Fund Rotation Quashed: ITAT Delhi
Audit Report Filed Before Assessment Sufficient for Deduction; Filing With Return Directory: Delhi HC
Section 80-IA Deduction Cannot Be Denied If Audit Report Filed During Assessment: Gujarat HC
Delay in Filing Form 10-IC Not Fatal to Section 115BAA Concessional Tax Claim: ITAT Ahmedabad
Non-Filing of Form 10-IC Not Fatal to Section 115BAA Concessional Tax Claim: ITAT Kolkata
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.
