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.

Mumbai ITAT Quashes Section 263 Revision: AO’s 25% Bogus Purchase Addition Held to Be a Possible View

ITAT Deletes ₹3.85 Cr Addition Made on a Dissolved Partnership Firm

ITAT Deletes Section 68 Addition as Opening Share Application Money converted in Loans cannot be Taxed as Fresh Credits

Tax Treatment of Cash Credit U/s. 68, 69, 69A, 69B, 69C and 69D

No Reopening for Fishing & Roving Enquiries: ITAT Invalidates Section 147 Proceedings

Foreign Tax Credit Cannot Be Denied Merely for Delay in Filing Form 67: ITAT Pune

Minimum Alternate Tax (MAT) & Alternate Minimum Tax (AMT)

Tax Free / Exempt Income Under Income Tax Act, 1961

Entire E-Seva Cash Deposits Not Taxable Under Section 69A: ITAT Chennai

Section 234D- Interest on Excess Refund of Income Tax

DTVSV Settlement Does Not Render Reassessment Order Non Est for Section 154 Limitation

All about Interest Payable U/s. 234A, 234B & 234C

Business Expenses Cannot Be disallowed on Mere Suspicion: ITAT Mumbai

Section 271(1)(c) Penalty Deleted for Cash Deposits Linked to Earlier Withdrawals
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.
