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.

Earlier Liaison Office Findings Cannot Automatically Decide Branch Office Taxability: ITAT Delhi

SC LTC Ruling Cannot Retrospectively Create TDS Default: ITAT Ahmedabad

Undisclosed Turnover Addition Reduced as ITAT Estimates Profit at 2.5% Instead of 8%

ITAT Restores Section 80P Claim as Delay Condonation Petition Was Pending

Suspicion Alone Could Not Prove Suppressed Sales: SC

HC Deletes ₹16.61 Crore Addition as Estimated Yield Alone Could Not Prove Suppressed Sales

Section 80JJAA Deduction Rejected as Amalgamation Amounted to Business Reorganisation

ITAT Deletes Protective Addition as Partner Cannot Be Taxed for Firm’s Alleged Bogus Purchases

Calcutta HC Stays Coercive Action as Reassessment for AY 2015-16 Was Alleged to be Time Barred

ITAT Restores Addition Dispute as DGFT Import-Export Data Was Not Shared With Assessee

Share Premium Addition Removed as ITAT Finds No Cross-Examination of Alleged Entry Operator

ITAT Directs Rectification of ₹3.84 Crore Demand Due to Clerical Error in Return Filing

ITAT Dismisses Revenue Appeal as Education Cess Exclusion Reduced Tax Effect Below ₹60 Lakh

No Tax on Deemed Rent of Unsold Flats as Builder Treated Them as Business Stock: ITAT Pune
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.
