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 addition of capital gain on land as lack of agricultural Income did not alter agricultural character of land
Penalties under Income-Tax Act, 1961
Specified Domestic Transaction- Penalty for Concealment of Income
ITAT Deletes Section 14A Disallowance as Subsidiary Investment Yielded No Exempt Income
WhatsApp Chats Alone Cannot Justify Tax Additions Without Supporting Evidence: ITAT Ahmedabad
ITAT Deletes BMA Penalty as Foreign Assets Were Disclosed in Section 153A Returns
ITAT Quashes Black Money Assessment as TOLA Extensions Not Cover Black Money Act
Interest for failure to Collect/Deduct & for delayed TDS/TCS Payment
ITAT Quashes Reassessment as Final Additions Differed from Recorded Reasons
No Tax on Inter-Circle Reconciliation Differences: ITAT Deletes ₹1,527 Crore Addition
Electricity Consumption Charges Wholly for Business Purposes allowable: ITAT Delhi
Section 68 Addition Unsustainable as Revenue Failed to Verify Creditors’ Documents: ITAT Bangalore
Appeal for Higher Sentence in TDS Default Case Must Be Filed Before Sessions Court: Karnataka HC
Section 127 Income Tax Case Transfer for Effective Investigation is valid: Telangana HC
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.
