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.
Interest From Co-Op Banks Eligible for Section 80P Deduction Because Banks Are Also Co-Op Societies: ITAT Ahmedabad
Delhi HC Quashes Assessment Order as Reply Filed by Assessee Was Not Considered
Section 68 Not Applicable to Repayment of Loans Given in Earlier Year: ITAT Delhi
Pre-Resolution Income Tax Claims Extinguished Under Approved NCLT Plan: ITAT Chennai
Reassessment Quashed Because Property Was Purchased From Different Entity Than Alleged
No Capital Gains Tax Without Registered Agreement & Actual Transfer of Rights: Madras HC
Section 14A Disallowance Cannot Automatically Increase MAT Book Profits: ITAT Mumbai
ITAT Deletes Addition Because Gratuity Payments Exceeded Interest Income
Declared Commission Income Cannot Be Ignored While Examining Cash Deposits: ITAT Agra
ITAT Quashes Section 148 Notice as Reassessment Was Initiated Beyond Six-Year Limitation
CBDT Circular Cannot Be Used to Mandate 20% Deposit in Every Stay Application: Delhi HC
ITAT Allows Telescoping as Income Already Declared Cannot Be Taxed Again as Commission
Delhi HC Rejects Section 69C Addition as Genuine Purchases Cannot Be Disallowed Due to Cash Sales
Reopening Invalid as Third-Party Seized Papers Did Not Match Assessee’s Land Transaction: Gujarat HC
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.
