Income Tax
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Mutual Fund Taxation: CA Perspective on AMFI’s Budget 2026–27 Proposals

Section 153C Assessments Quashed for Excluded Block Period & Lack of Incriminating Material: ITAT Delhi

Section 153C Assessments Void for Post-April 2021 Satisfaction Note: ITAT Delhi

Section 80-IB Deduction Not Reducible Before Computing Section 80HHC Relief: Madras HC

DEPB & Duty Drawback Ineligible Under Section 80-IB, Section 80-IA Issue Remanded: Madras HC

Section 147 Reassessment Annulled as Examined Cash Deposits Involved Change of Opinion: ITAT Lucknow

Section 69A Addition Deleted as Cash Deposits Explained by Withdrawals & Co-owner’s Advance: ITAT Delhi

AO Must Verify Rural Branch Data Before Section 36(1)(viia) Deduction: ITAT Indore

Bonafide Education Cess Claim & No Exempt Income Bar Penalty & Section 14A Disallowance: ITAT Pune

Section 69 Addition Cannot Rest Solely on Uncorroborated Loose Sheets: ITAT Hyderabad

Section 69A Addition Remanded After Plea of Mental & Neurological Illness: ITAT Pune

Section 148 Reassessment Quashed for Limitation & Invalid Section 151 Approval: ITAT Kolkata

Fuel Expense Disallowance Restricted to 5% Due to Self-Made Voucher Difficulties: ITAT Kolkata

Reassessment Vitiated by Cross-Examination Denial & Section 147 Use Instead of 153C: ITAT Surat
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.
