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 Capital Gains Without Consideration Under Development Agreement: ITAT Hyderabad
Alleged Accommodation Entry Addition deleted Due to Loan Repayment Misclassification
Section 271(1)(c) Penalty Deleted Due to Consistency with Earlier Year Ruling: ITAT Dehradun
VAT ITC Allowed Beyond Invoice Month Due to Practical Accounting Constraints: Karnataka HC
Mechanical Issue of Reassessment Notices Invalid as Lack of Application of Mind Established
Reopening Fails on Both Counts: Invalid Sec 148A Notice and Time-Barred Sec 148 Render Assessment Void
Coffee Income: Rule 7B Overrides Rule 7 – ITAT Remands for Segregation of Own vs Purchased Produce
Duty Drawback Taxable Only on Receipt – ITAT Deletes Addition & U/s 270A Penalty
Not Every Bank Credit or AIS entry is Taxable: ITAT Nagpur
Skill Development = “Education” – ITAT Allows Sec 11 Exemption to Charitable Trust
Buyback Tax Reset: Promoter Penalty and New Capital Gains Framework
Section 378, Income-tax Act, 2025: Revision of Other Orders, Procedure & Relief
Section 263 & 377 Notices – Income-tax Act, 2025: Reply, Remedies & Mitigation
No Penalty for Wrong Claim or Head of Income – ITAT Deletes Section 271(1)(c) Penalty
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.
