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 12A Renewal Cannot Be Denied Solely for Loan Verification Issue: ITAT Jaipur
ITAT Mumbai Quashes Reassessment Orders Due to Time-Barred Section 148 Notices
ITAT Restricts Section 263 Revision as Prior Period Expenditure Was Verified in Consequential Assessment
Finance Lease Accounting Doesn’t Decide Tax Treatment as Ownership Remains With Lessor
17-Month Delay in Deciding Income Tax Appeal Violates Natural Justice: Calcutta HC
Madras HC Orders Fresh Assessment as Bona Fide Error in Section 54EB Exemption Claim Was Ignored
Delay of 252 Days Condoned as CIT(A) Failed to Consider Delay Condonation Application
TPO Cannot Value Management Fees at Nil Without Rejecting Evidence of Services Rendered
ITAT Quashes Assessment as ITO Lacked Pecuniary Jurisdiction Under CBDT Instruction
ITAT Deletes Section 69A Addition as Cash Deposits Were Backed by Cash-in-Hand
ITAT Ranchi Allows Full Leave Encashment Exemption as CBDT Raised Limit to ₹25 Lakh
ITAT Allows Section 80P Deduction on Interest from Statutory Deposits with Co-operative Banks
Section 148 Reopening Set Aside as Loose Paper Dated After Sale cannot Justify Reassessment
Gujarat HC Sets Aside Reopening as High-Value Bank Credits Alone Cannot Justify Reassessment
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.
