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.
Foreign Exchange Gain Is Operating Income as It Arises from Export of Services
Section 56(2)(viib) Addition Deleted as Shares Were Allotted to Existing Shareholders
Pune ITAT Deletes ₹1.14 Crore Addition Based Solely on Hawala Operator’s Statement; Cross-Examination Denial Proves Fatal
No denial of scientific research deduction allowed for procedural delay when DSIR approval existed: ITAT deleted ₹2.07 Crore disallowance
Orissa HC Quashes Section 143(2) Notice as It Was Issued Without Jurisdiction
FMV of Surrendered Tenancy Rights Is Cost of Acquisition for Redeveloped Property: ITAT Mumbai
Section 80-IB Deduction Denied as Housing Project Covered Less Than One Acre: ITAT Cochin
CPC Cannot Deny Section 11 Exemption for Delayed Form 10B in Section 143(1) Processing: ITAT Kolkata
CPC Cannot Pass Section 143(1) Intimation After Section 143(2) Notice: ITAT Kolkata
Commercial Label in Sale Deed Not Enough to Deny Section 54 Relief: ITAT Delhi
NRE Account Credits Cannot Be Taxed Without Proof They Are Unexplained: ITAT Ahmedabad
Directors’ Bonus Disallowance Cannot Be Made Through Section 154: ITAT Delhi
Reassessment Quashed as Section 143(2) Notice Was Issued Without Jurisdiction: ITAT Kolkata
ITAT Quashes Section 153C Assessment as Satisfaction Note Lacked Year-Wise Incriminating Material
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.
