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 Deletes LTCG Addition as Mere Suspicion Cannot Replace Evidence in Penny Stock Cases
Writ Petition Dismissed as Section 53A cannot Establish Ownership for Depreciation Claim
Mechanical Additions Running Into Crores Cannot Survive Without Proper Verification: ITAT Mumbai
ITAT Reduces Profit Estimation to 4% as 8% Rate Ignored Audited Books & Past Margins
ITAT Delhi Remands Transfer Pricing Case Due to Alleged Double Addition of TP Adjustments
LTCG Exemption Denied as 3072% Returns Failed Human Test Probability
SC Upholds LTCG Addition as Extraordinary Penny Stock Gains Defied Business Logic
Delhi HC Upholds LTCG Addition on Extraordinary 4910% Returns from Penny Stock
AO cannot finalize assessment before completion of DRP mechanism: Karnataka HC
Karnataka HC Rejects Ad Hoc Expenditure Disallowance as Books of Account were accepted
ITAT Deletes 10% Expense Disallowance as No Specific Defects Found in Audited Books
Assessment quashed as Search Proceedings Completed Under Section 143(3) instead of 153C
No GP Addition if No Specific Defects Found in Books of Account: ITAT Delhi
Section 148 Notice Invalid if There Was Only Reason to Suspect, Not Reason to Believe: ITAT Mumbai
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.
