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.
No Misreporting, No Penalty: ITAT Deletes ₹11L Penalty u/s 270A(9) Where Return Accepted in Full
ITAT Mumbai: Penalty Not Automatic on Disallowances – Major Relief in Depreciation Expense Claims
No Capital Gains on JDA Without Consideration or Possession Transfer: ITAT Deletes Addition
ITAT Mumbai: Section 68 Additions Collapse – No “Source of Source” for Firms, Evidence Overrides Suspicion
Foreign Tax Credit Allowed Despite Delay in Form 67 – Procedural Lapse Not Fatal
Cash Deposits from Car Booking Advances Explained: ITAT Deletes ₹27.40 Lakh Addition u/s 69A
ITAT Mumbai: On-Money Addition Crumbles Without Evidence – Platinum Mall Case
Reassessment Quashed: 148 Notice Issued Post 01.04.2021 Without Following New Law Held Invalid
PF/ESI Delay Disallowance Remanded: ITAT Reopens Issue Amid Supreme Court Doubt on Checkmate
Penny Stock Addition Deleted – Documentary Evidence Overrides Suspicion
ITAT Mumbai: Scholarship to Students Abroad Not Violation – 12AB & 80G Registration Granted
ITAT Mumbai: Reassessment Void for Faceless Violation – ₹1.64 Cr Addition Collapses
Gujarat HC Set Aside Delay Condonation Rejection for Exceeding Scope of Inquiry
Land classified as agricultural in revenue records cannot be taxed as a capital asset
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.
