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.
TP Adjustment Restricted to AE Transactions Upheld – ITAT Bangalore Dismisses Revenue Appeal
Income Tax Notification Corrected Due to Technical Errors in Rules & References
Section 271(1)(c) Penalty Invalid as AO Failed to Specify Charge: ITAT Delhi
SC Upholds Condonation of Form 10B Delay as delay was Due to Honest Oversight by CA
Bombay HC Condones Form 10B Filing Delay Due to CA’s Unawareness of New Online System
ITAT Remands Sec 68 Addition; Possible Loan Reclassification to Be Verified, No Automatic Addition
Disallowance of Interest Unsustainable Without Final Decision on Loan Validity: ITAT Mumbai
ITR Delay Due to Cancer Treatment Accepted, Court Directs ITBA Portal Access for Filing
Section 14A Disallowance Restricted to Exempt-Income Investments; ESOP Expense Allowed
No FTS on Project-Specific Design Services; ‘Make Available’ Test Not Met, No Disallowance u/s 40(a)(i)
ITAT Disallows Double Exemption & Unutilised Accumulation u/s 11; Revenue Appeal Allowed
Income Tax Act, 2025: A New Compliance Regime For NPOs
Bogus Purchases addition Based on Investigation Reports Fails Where Evidence Exists: ITAT Delhi
Machinery Replacement creating enduring benefit constitutes capital expenditure: Madras 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.
