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.
Exempt income expenses must be strictly excluded from book profits to compute MAT
Assessment Void if Section 143(2) Notice Issued by Wrong Assessing Officer
P&H HC Quashes Income Tax Demand Not Included in Approved IBC Resolution Plan
Section 154 Rectification Invalid for Orders Passed Under Vivad Se Vishwas Act: Delhi HC
ITAT Agra Quashes Reassessment as Actual Escapement Was Below Rs. 50 Lakh Threshold
Section 68 Addition Unsustainable Where AO Accepted Part of Same Credit Transactions: ITAT Ahmedabad
Special provisions for computing profits and gains under Income Tax Act, 1961
Sale of 25 Plots Not Business Income Due to Long-Term Investment Intent: ITAT Bangalore
Section 54 Exemption Cannot Be Denied Due to Joint Ownership With Spouse: ITAT Chandigarh
ITAT Orders Recalculation of Section 270A Penalty Due to Wrong Under-Reported Income Computation
ITAT Deletes Penalty Since Section 68 Addition Was Mostly Deleted: ITAT Delhi
ITAT Mumbai Allows Section 54 Deduction as Allotment Letter & Payment Were Sufficient
ITAT Quashes Assessment for Failure to Follow Section 148 Procedure on Third-Party Seized Documents
ITAT Delhi Remands TDS Demand Case Due to Inoperative PAN & Lack of System Alerts
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.
