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 143(1) Intimation Held Invalid as Scrutiny Proceedings Had Already Begun
ITAT Deletes Section 270A Penalty as AO Failed to Identify Correct Default
Delhi HC Grants Section 270AA Immunity as Penalty Notice Failed to Specify Misreporting
No Capital Gains Addition as Dumb Document Alone cannot Prove On-Money Receipt
Section 69 Addition Deleted as Seized Loose Sheet Lacked Corroborative Evidence
₹6.40 Crore Addition Deleted as Revenue Failed to Corroborate Seized Document
Black Money Act Penalty Quashed Because as Bona Fide Believed No Return Was Required
Black Money Act Penalty Set Aside as Non-Disclosure Was a Bona Fide Mistake
Section 271D Penalty Quashed as AO Did Not Record Satisfaction: ITAT Delhi
ITAT Deletes Sections 271D & 271E Penalties for Lack of Recorded Satisfaction
ITAT Quashes Section 263 Order as Search Warrant Was Not Issued in Assessee’s Name
Search Assessment Quashed as Limitation Must Be Computed Separately for Each Person
ITAT Quashes Assessment Orders as Section 153 Limitation Expired Despite TOLA Extension
ITAT Quashes Section 153C Assessments as They Were Barred by Limitation
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.
