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.
ITAT Orders Exclusion of Comparable as DRP Had Already Held It Functionally Different
ITAT Restricts Section 14A Disallowance as It Cannot Exceed Exempt Income
ITAT Remands Bogus Purchase Case as Rice Miller Issue Is Pending Before HC
SC Allowed LTCG Exemption as Revenue Failed to Prove Penny Stock Manipulation
DSIR Approval Binding: ITAT Allows Section 35(2AB) Deduction for R&D Expenses
ITAT Condones Appeal Delay as COVID Exemption Period Covered Limitation
7-Day Delay in Filing Return Cannot Defeat Carry Forward of Loss: Calcutta HC
Advertisement Expenses Cannot Trigger TP Adjustment Without AE Arrangement
SC Upholds Quashing of Penny Stock Reopening Because Share Details Were Already Disclosed
Reassessment Invalid as AO Had Only ‘Reason to Suspect’ and Not ‘Reason to Believe’ in Bogus LTCG Case
Ad Hoc Profit Addition Deleted as Books of Account Were Never Rejected by AO
Section 272A(1)(d) Penalty Unsustainable When Scrutiny Assessment Accepted Returned Income
Fee-Based Receipts Cannot Defeat Charitable Status for Environmental Activities: ITAT Delhi
WhatsApp Chats Alone Cannot Justify Section 69A Addition for Jewellery Purchases: ITAT Delhi
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.
