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 Quashed: JAO Cannot Issue 148 Notices Post-Faceless Regime- Hyd ITAT
Reopening Quashed: ITAT Slams Casual 148A Action Where ₹50L Threshold Not Met
Accommodation Entry Commission Restricted to 0.5% – Addition Reduced to Actual Involvement
Section 80GGC Deduction Denied – Bogus Political Donation Upheld on Human Probability Test
Telecom Receipts Not Royalty/FTS – Taxable Only as Business Profits Absent PE
e-TDS/TCS Filing Complexities in RPU Ver. 5.9 and Solutions
New Income Tax Act 2025 & MSME Loan Approval: Shift from Collateral to Data-Driven Financing
Depreciation Allowed on BOT Annuity Rights – Intangible Asset Recognised
Rs. 2.52 Cr Addition Set Aside – Ex-Parte Assessment Restored Due to Communication Failure & Lack of Opportunity
On-Money Addition Deleted – No Evidence Beyond Third-Party Pen Drive & Statements
Section 68 Addition for Share Premium Addition Deleted due to Limited Scrutiny Breach
Additions Based on WhatsApp Chats Third-Party Statements Deleted – No Evidence, No Cross-Examination
Full Section 54 Exemption Allowed – Pre-Purchase Payments Also Count Towards Investment
On-Money Addition u/s 69 Deleted – Third-Party Excel Data & Statements Held Insufficient
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.
