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.
No Section 69C addition Merely Due to Absence of Farmers’ PAN Details
Reassessment Invalid as AO Made No Addition on Recorded Reasons for Reopening: ITAT Delhi
ITAT Restores Section 80G Application as Section 12AB Registration Was Already Directed
ITAT Quashes Section 153C Assessments as Block Period Must Be Counted From Satisfaction Date
ITAT Remands Cash Deposit Addition Case due to Lack of Merit-Based Adjudication
ITAT Allows Set-Off of Amalgamated Company’s Losses as Section 72A Conditions Were Fulfilled
Rs. 51 Lakh Section 270A Penalty Quashed as Employee Relied on Form 16 in Good Faith
SC Dismisses Revenue’s SLP as Issues on Investment Diminution Already Covered by Earlier Ruling
Revenue Appeal Rejected as Investment Valuation Issue Already Settled: Karnataka HC
Bangalore ITAT Quashes ₹2.61 Crore Addition; No Addition Possible Without Even Identifying the Bank Account
Don’t Blindly Trust Form 16: One Small Error Can Trigger a Huge Tax Demand
Bangalore ITAT Deletes ₹1.13 Crore Cash Deposit Addition; Mere Suspicion Cannot Override Accepted Books
No Escape from TDS on Identified Year-End Provisions; ITAT Grants Relief Where Tax Paid Before Return Due Date
Bombay HC Condones 113-Day Delay in Form 10B Filing Due to COVID
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.
