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 Section 270A Penalty When Reassessment Accepts Returned Income Without Addition: ITAT Bangalore
Section 154 Rectification Available for Typographical Error in Capital Gains Return: ITAT Lucknow
Vendor Non-Response Cannot Justify Section 69C Addition Without Positive Evidence: ITAT Mumbai
ITAT Mumbai Quashes Search-Based Reassessment for Lack of Valid Section 148 Approval
Forex Gain Passed to Buyer Under Contract Cannot Be Taxed in Assessee’s Hands: ITAT Lucknow
ITAT Jodhpur Allows Trusts to Cure Form 10AB Defects in Restored Proceedings
CIT(A) Must Decide Section 143(1) Appeal Despite Pending 12AB Registration: ITAT Bengaluru
Tiger Global Ruling Redefines TRC Protection, GAAR and Treaty Anti-Avoidance Framework
Penalty U/s 271(1)(c) Not Leviable on Section 50C Deemed Addition: ITAT Mumbai
Section 68 Addition Invalid When Sale Receipt Already Declared and Taxed: ITAT Delhi
Section 263 Order Set Aside Makes Consequential Fresh Assessment Unsustainable: Bombay HC Appeal Admitted
Karnataka HC Quashed Section 14A Disallowance as AO Failed to Record Satisfaction
ITAT Mumbai: Rule 8D Fails Without Satisfaction; Asian Paints TP Comparables Excluded
AO’s Remand Report Acceptance Leads to Revenue Appeal Dismissal: Karnataka 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.
