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 Lucknow Allows Set-Off of Spouse’s F&O Losses Arising From Gifted Funds
ITAT Directs GP-Based Addition as Jewellery Purchases Formed Part of Sales & Closing Stock
Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)
Low Declared Income Alone Cannot Negate Creditworthiness – Section 68 Addition Deleted
Assessment Quashed for Expanding Scope from one Unit to 119 Apartments Without Section 148A Notice
Kerala HC Orders Fresh Review of 12A Registration Claim as CBDT Circular Was Not Considered
Bombay HC Grants Anil Ambani Protection from Coercive Action
ITAT Delhi Quashes Search Assessments Due to Mechanical Section 153D Approval
ITAT Deletes FTS Addition as Standard Cybersecurity Software Sales Were Not Technical Services
SC Upholds Reassessment Quashing as No Exempt LTCG Was Claimed in Penny Stock
No Evidence of Penny Stock Exemption Claim, Calcutta HC Quashed Reassessment
AO Failed to Record Mandatory Conditions for Reopening: ITAT Deletes ₹13.10 Crore Share Capital Addition
Madras HC Orders Fresh Review of Chartered Shipbrokers’ Section 2(15) Tax Exemption Status
Retrospective Amendment Requires Addition of Bad Debt Provision to MAT Profits: Madras 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.
