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.
Form 26A Certificate issuance Cannot Be Directed Without Verification of Statutory Conditions: Delhi HC
Income Tax Notices Quashed as Proceedings Were Initiated Against a Deceased Person
Real Estate Company Not a Shell Entity Merely Due to Low Turnover and Profits
Section 80IB Deduction Cannot Be Reduced by Section 80HHC Deduction During Computation: ITAT Delhi
ITAT Condones 700-Day Appeal Delay as Notices Were Allegedly Sent to Wrong Address
ITAT Restores Appeal as Taxpayer Could Not Respond to SCN Due to Illness
Delhi HC Quashes Reassessment Notice as It Was Issued Beyond Ten-Year Limitation
ITAT Condoned 524-Day Delay as Assessee Was Unaware of Assessment Order
Section 68 Addition Deleted as Revenue Failed to Prove Round-Tripping by Assessee
ITAT Allows Subsidiary Investment Write-Off as Business Loss as Investment Was Made for Commercial Expediency
ITAT Allows Full Tax Exemption on BSNL VRS Compensation as It Qualifies as Retrenchment Compensation
Section 2(22)(e) Addition Cannot Be Made on Non-Shareholder Entity: Calcutta HC
Reassessment Notice Upheld as Time Allowed for Reply Is Excluded While Computing Limitation: Delhi HC
Section 54F Deduction Allowable Despite Delayed Registration of Flat: ITAT Bangalore
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.
