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 69A Addition Deleted for Undated Seized Paper Without Corroboration: ITAT Delhi
Assessment on Non-Existent LLP & Goodwill Depreciation Allowed: ITAT Ahmedabad
Reassessment & Penalty Orders Against Deceased Person Are Nullity: Gujarat HC
Section 153C Six-Year Period Runs From Receipt of Seized Material: SC
Pune ITAT Deletes Section 271(1)(c) Penalty for VSI Contribution & Section 244A Interest
Skill Development Institution Qualifies as ‘Education’; Section 12AA/12AB Registration Restored: Pune ITAT
Section 271E Penalty Cannot Survive Without Recorded Satisfaction: SC
Section 43CA Inapplicable to AY 2013-14; Reopening Quashed: Bombay HC
Section 153C Proceedings Require Year-Specific Incriminating Material: Madras HC
Sections 271D/271E Penalty Deleted as Transaction Was Not Loan or Deposit: ITAT Jaipur
Section 250(6) Mandates Speaking Appellate Orders After Adequate Hearing: ITAT Jaipur
Section 250(6) Requires Reasoned Appellate Order After Effective Hearing: ITAT Jaipur
Unreasoned Assessment Order Justifies Section 263 Revision: Delhi HC
SC Upholds Section 263 Revision Due to Unreasoned Assessment Order
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.
