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.
DVO Valuation Alone Cannot Justify Section 69 Addition Without Extra Payment Proof: ITAT Amritsar
Reopening Quashed as It Was Based on Unverified PDF Complaint Found on Third Party’s Mobile Phone: Gujarat HC
Gujarat HC Quashed Section 148 Notice as Seized Material Had No Link With Assessee
Karnataka HC Remands Reassessment as Petitioner Failed to Participate Due to Auditor’s Lapse
ITAT Deletes MAT Adjustment as Section 115JB Not Permit Exclusion of Alleged Bogus Loss
ITAT Reduces Profit Estimation as Assessee Acted Only as Pass-Through Entity Earning Thin Commission Margins
12A Registration Cannot Be Rejected Solely for Wrong Clause Selection in Form 10AB: ITAT Nagpur
Gujarat HC Quashes Reassessment as Reopening Was Based on Unverified Complaint
Transfer of leasehold property with constructed building attracted Section 50C
Section 154 Rectification Valid as DSIR Form 3CL Determined Eligible R&D Deduction
Unsigned Section 148 Notice Held Valid Due to Mention of AO Name and Designation
Assessment Order Quashed Due to Email Communication Issue Despite Valid Section 148 Notice
ITAT Delhi Quashes Reassessment Orders for Failure to Provide Reasons for Reopening
Opening Balances Cannot Be Added Under Section 68 as They Relate to Earlier Years
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.
