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.
Rajasthan HC Quashes Penalty against ITO As Error of Judgment Is Not Misconduct
ITAT Deletes ₹7.77 Crore Section 69 Addition as Fixed Assets Were Recorded in Books
No Section 69 Addition as Complete Money Trail From Overseas Remittances Established
Section 68 Addition Deleted as Revenue Failed to Prove Penny Stock Allegation
ITAT Deletes ₹1.10 Crore Addition as Property Payment Was Directly Made by Father
Section 14A Disallowance Reduced as Only Investments Yielding Exempt Income Can Be Considered
Foreign Tax Credit Cannot Be Rejected as Late Form 67 Filing Does Not Bar Relief: ITAT Surat
ITAT Remands Consultancy Fee Disallowance as Additional Evidence on Service Rendition Was Not Examined
ITAT Delhi Deletes Section 271(1)(c) Penalty as Notice Lacked Specific Charge
Salary Reimbursement Not Taxable as FTS as Seconded Employees Worked Under Indian Employer’s Control
ITAT Sets Aside Section 40A Addition as Share Investment Was Reflected as Capital Asset
Section 80P Deduction Allowed as Bank Deposits Were Security for Business Loans: ITAT Hyderabad
ITAT Remands TP Adjustment Issue as RPT Filter Was Not Properly Verified
ITAT Kolkata Quashes Assessment Order as It Was Served After Limitation Deadline
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.
