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 153C Assessment Upheld as Delay in Handing Over Seized Material Did Not Extend Limitation Illegally
ITAT Restores Section 153A Additions as CIT(A) Ignored Merits of Search Evidence
ITAT Upholds LTCG Exemption as Revenue Failed to Prove Share Transactions Were Bogus
ITAT Remands Section 69 Addition as Source of Cash Payments Was Not Properly Examined
Bangalore ITAT Deletes ₹99.24 Lakh Ad Hoc Disallowance Backed by Evidence
Bogus Purchase Addition Restricted as Only Profit Element Was Taxable: Gujarat HC
Section 153C Notices Quashed as Assessment Proceedings Became Time-Barred: Bombay HC
Assessment Held Invalid as Jurisdictional Officer Failed to Issue Mandatory Section 143(2) Notice
ITAT Quashes Assessment as ACIT Lacked Pecuniary Jurisdiction Under CBDT Instruction
ITAT Kolkata Quashes Assessment as JAO Did Not Issue Section 143(2) Notice
Reassessment Quashed as ITO Lacked Jurisdiction Under CBDT Instruction
ITAT Mumbai Upholds Goodwill Depreciation & Section 80G CSR Deduction
Calcutta HC Quashes Refund Adjustment as Recovery Exceeded 20% of Disputed Demand
Calcutta HC Restricts Income Tax Recovery Beyond 20% as Appeal Before CIT(A) Was Pending
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.
