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.
Condonation Denial Invalid as CBDT Circular Cannot Be Applied Restrictively: Delhi HC
Section 69C Addition Deleted as Purchases Supported by Documentary Evidence
Bombay HC Quashed Section 153C Proceedings Due to Delay in Recording Satisfaction Note
Income-Tax Act, 2025: Structural Changes and TDS Compliance Guide
Addition u/s 56(2)(viib) Invalid as AO Cannot Reject DCF Valuation Without Defects: ITAT Delhi
No Section 87A Rebate on STCG Under 111A: Tax Planning for FY 2025–26
No reassessment beyond 3 years without proper sanction of prescribed higher authority
ITAT Hyderabad: AO Cannot Exceed Limited Scrutiny Scope – Entire Assessment Held Invalid
Bank Deposits Treated as Business Turnover – ITAT Reduces Profit Rate from 10% to 2%
No Double Taxation of Benami Property – Protective Addition Deleted by ITAT
U/s 80P Deduction Denied for Belated Return Post-2018 Amendment – ITAT Hyderabad Upholds Disallowance
ITAT Hyderabad: Foreign Tax Relief Must Be Deducted While Computing Interest U/s 234A/B/C
AO Cannot Conduct Fresh Assessment After Amalgamation When Section 170A(2)(a) Applies
Kerala HC: Mechanical ITAT Orders Set Aside – Fresh Adjudication Ordered
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.
