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.
ITAT Rejects Section 56(2)(viib) Addition as Shares Were Issued to Holding Company
ITAT Deletes Section 56(2)(viib) Addition as Shares Were Allotted to Existing Shareholders
SC Dismisses Revenue Appeal as ESOP Allotment Expense Is Allowable
Delhi HC Rejects ESOP Disallowance as Share Allotment Reflects Commercial Reality
ITAT Hyderabad Allows Foreign Tax Credit as Delayed Form 67 Filing Is Only Directory
Foreign Tax Credit Cannot Be Denied Due to Late Form 67: ITAT Hyderabad
Foreign Tax Credit Cannot Be Denied Due to Belated Form 67: ITAT Kolkata
ITAT Orders Fresh Decision on Foreign Tax Credit Due to Availability of Form 67 Documents
Bangalore ITAT Allows Mine Development Expenditure as Revenue Expense; Deletes Double Addition
Section 153C Proceedings Invalid as AO Failed to Record Separate Year-Wise Satisfaction: ITAT Delhi
Tax Benefits Available to Senior Citizens
SC Remands Over 1000 Reassessment Appeals After Finance Act 2026 Changed Law
SC Upholds Quashing of Section 153C Notices Due to Defective Satisfaction Note
ITAT Delhi Quashes Section 153C Assessments as Satisfaction Note Lacked Mandatory Finding
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.
