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 80-IA Deduction Denied as Trade Credits Remained Unexplained Under Section 68
ITAT Mumbai Restricts Section 14A Disallowance as It Cannot Exceed Exempt Income
ITAT Rejects Section 143(1) Adjustment for Lack of Mandatory Prior Intimation
No Separate Approval Needed for 10% FTS Tax Benefit Where RBI Automatic Route Applies
CIT(A) Must Decide Appeals on Merits, Not Dismiss Them Mechanically: ITAT Delhi
ITAT Delhi Deletes Section 14A Disallowance as It Was Beyond Limited Scrutiny Scope
ITAT Bangalore Deletes Additions as AO Issued Second Draft Assessment Order
Section 80P Deduction Allowed Despite Nominal Members: ITAT Bangalore
Delay Alone Cannot Defeat Section 80G Approval, ITAT Orders Fresh Review
Bogus Purchase Addition Cannot Survive as Suspicion Cannot Override Documentary Evidence: ITAT Kolkata
Section 68 Addition Quashed as Cross-Examination Opportunity Was Only an Eyewash
Writ Petition Not Maintainable as Election Affidavit Disputes Require Election Petition: Madras HC
No Exempt Income Means No Section 14A Disallowance: ITAT Ahmedabad
ITAT Allows Excess Application Set-Off Because Books of Account Establish Charitable Expenditure
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.
