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 On-Money Addition based on Unsubstantiated Excel Sheets: ITAT Mumbai
Builder’s Statement Lacked Corroborative Evidence – ITAT Deletes On-Money Addition
Reassessment Invalid as AO Relied Solely on Investigation Report without Inquiry: ITAT Delhi
Channel Owner Companies not Comparable Due to Functional Differences: ITAT Delhi
Distribution Fee for Channel Distribution Not Royalty: ITAT Mumbai
Section 68 Addition Deleted as Revenue Failed to Link Assessee to Penny Stock Scam
LTCG Exemption allowed as Revenue Failed to Link Assessee to Penny Stock Manipulation
Section 68 Addition Upheld as Penny Stock Gains Failed Test of Human Probabilities: ITAT Mumbai
Why Does India’s ITR Deadline Always Need an Extension?
Builder Statements Alone Could Not Prove On-Money Payment: ITAT Mumbai
TDS Deduction for Specified Senior Citizens (Section 194P)
Comprehensive Guide to Maintenance of Books of Accounts
SC Upholds Deletion of Ad Hoc Expense Additions as Books Were Not Rejected
Delhi HC Rejected Ad Hoc Expense Disallowance as Books of Account Were Not Rejected
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.
