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.
JDA May Trigger Transfer- But No Double Taxation Allowed: Karnataka HC Relief
CIT(A) Enhancement Quashed for No Notice – ITAT Restores LTCG Issues to AO
No Penalty When Quantum Deleted: 270A Cannot Survive Without Addition
Heavy Contract Payments by Trust Under Scanner: Matter Remanded for Verification
Bogus Purchases: Only Profit Element Taxable – ITAT Upholds 12.5% Estimation
Bogus Purchase Addition Limited to Profit Element Due to Accepted Sales: ITAT Mumbai
Notional Rent on Work-in-Progress Invalid – Section 23 Misapplied
Limited Scrutiny Breach &; Explained Cash Deposits – Addition Deleted
Bogus Purchase Addition Restricted to Profit Element: ITAT Grants Relief
Reopening on Change of Opinion Invalid: ITAT Quashes Entire Assessment
Section 153C Assessment Quashed Over Unsigned Seized Document: ITAT Hyderabad
Unexplained Jewellery Investment addition Upheld as Refund Credited in Assessee’s Account
CIT(A)’s Non-Speaking Order & Failure to Address Legal Ground- Matter Remanded
Section 12AB Registration Cannot Be Denied for Missing Irrevocability Clause Alone: ITAT Follows Bombay HC
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.
