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.
Tax Exemption at Risk for Charitable Institutions Allegedly Operated Like Businesses
Unlisted Bonds Lose LTCG Benefit; No Capital Gains Exemption for Depreciable Assets under Income Tax Act 2025
Political Donation Reassessment Notice Quashed as Issued by Wrong Authority
ITAT Chennai Allowed Section 80-IA Deduction as Consumer Tariff Held Correct Benchmark
ITAT Remands Addition Due to Failure to Verify GST Turnover Instead of Bank Credits
Gujarat HC Dismisses Appeal as Only Profit Element of Bogus Purchases Taxable
No Section 68 Addition Where Loan Repaid Through Banking Channels & Supported by Evidence
Section 263 Upheld as AO Failed to Examine Nature of ₹3.98 Crore Receipt: ITAT Chandigarh
Section 271(1)(c) Penalty deleted Due to Bona Fide Claim on Lease Premium Deduction
Section 271(1)(c) Penalty Cannot Be Imposed for Valuation Differences Without Proof of Inaccuracy: SC
LTCG Addition Deleted as Assessee Proved Genuine Investment Activity Through Evidence
Loose Papers Without Identifiable Link Cannot Justify Reassessment: Gujarat HC
Section 54 Exemption Allowed as Possession Date Considered Over Registration Date
Section 263 Invalid as AO Conducted Proper Inquiry & Took Plausible View: ITAT Surat
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.
