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.

₹140.87 Cr Forex Hedging Loss Linked to Export Business Is Non-Speculative & Deductible: ITAT Delhi

Section 143(1) Demand Cannot Survive After Merger With Section 143(3) Assessment: ITAT Delhi

WhatsApp Reference to Cash Could Not Sustain Jaya Bachchan’s Section 69A Addition: ITAT Mumbai

Penny Stock Alert Cannot Justify Entire Share Sale Addition Under Section 68: Mumbai ITAT

Reassessment Quashed as PCIT Was Not Competent Sanctioning Authority: ITAT Mumbai

ITAT Hyderabad Restores Section 234E Appeals After Delay Affidavits Filed

No Addition on Reopening Ground Makes Other Additions Unsustainable: ITAT Mumbai

12.5% Bogus Purchase Addition Deleted as Disputed GP Was Higher: ITAT Mumbai

Ex-Parte CIT(A) Order Set Aside as Notices Went to Deactivated Email: ITAT Mumbai

Small Trader’s Inability to Access Email Justified Notice Defaults: ITAT Bangalore

Delayed E-Verification Cannot Make Timely Filed ITR Belated Due to Portal Glitches: ITAT Mumbai

Foreign Asset Non-Disclosure Does Not Automatically Trigger Section 43 Penalty: ITAT Mumbai

Section 12AB Renewal Cannot Be Rejected on Vague Non-Compliance: ITAT Mumbai

PCIT Sanction Cannot Validate Reassessment Beyond Three Years: 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.
