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.
Reassessment Invalid Because Approval Contained Only ‘Yes, I Am Satisfied’: ITAT Rajkot
Denial of Loan Liability Held “Dishonest” After TDS Deposit: Calcutta HC
Section 56 Addition Deleted as DCF Valuation Was Not Rejected: ITAT Delhi
Gujarat High Court Upholds 6% Addition on Bogus Purchases as Only Profit Element Taxable
Weighted Average Cost method ignored? – Mumbai ITAT sends gold stock valuation addition back for fresh examination
SC Declines Reassessment Revival as Income & Transactions Were Fully Disclosed in ITR
Fly Ash Sale Receipts Taxable as Accounting Treatment Cannot Override Tax Law: ITAT Chandigarh
No “reason to believe” without new material – Mumbai ITAT quashes reopening based on mere reappraisal of old records
Calcutta HC Condones Appeal Delay as Death of Counsel Was Sufficient Cause
ITAT Pulls Up AO for Ignoring Evidence, Sends ₹31.61 Lakh Addition Back for Verification
Opening Loan Balances Not Taxable Again u/s 68: Mumbai ITAT Sends Addition Back for Verification
Only One Surviving Day Left: Mumbai ITAT Quashes Time-Barred Reassessment Notices After Rajeev Bansal Ruling
Errors in New TDS Challans Under Income Tax Act 2025 Create Compliance Risks
ITAT Deletes TP Addition as Nokia Shutdown Led to Distress Sale of Finished Goods
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.
