Income Tax
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Pune ITAT Deletes ₹5.67 Crore TP Adjustment; TPO Cannot Cherry-Pick One Transaction While Accepting TNMM for Others
Pune ITAT: Section 43CA Cannot Be Applied to Pre-2013 Sale Agreements
Entire Sale Consideration Cannot Be Taxed as Capital Gain: Mumbai ITAT Orders Fresh Computation
Commercial Complex on MSRTC Land Generates Business Income, Not House Property Income: Mumbai ITA
Prior Period Expense allowable If Liability Crystallises Later: Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL
No Specific Charge, No Penalty: Mumbai ITAT Cancels Section 270A Levy for Defective Notice
ITAT Allows Section 54F Deduction as Substantial Construction & Habitable House Were Established
Foreign Assets, RSUs and Foreign Bank Accounts in ITR: Schedule FA Reporting, Notices & Penalty
ITAT Deletes Section 68 Addition as Suspicion Cannot Replace Evidence in Penny Stock Case
Karnataka HC Remands Reassessment Case as SC Directed Fresh Review After Section 147A Amendment
Section 148 Notice by JAO Remanded by ITAT Nagpur for Reconsideration
ITAT Upholds ₹37.20 Lakh Addition Because Survey Found Unaccounted Excess Stock
Reassessment Quashed as AO Relied on Incorrect AIR Information: ITAT Amritsar
Reassessment Quashed as Reasons Recorded Were Based on Incorrect Facts on Return Filing
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.
