Income Tax
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ITAT Rajkot: Addition Based on ‘Dump Excel Sheet’ Deleted – No Evidence, No Tax
Taxation of Dividend
Tax Deducted at Source (TDS)
Machinery Replacement Cannot Be Treated as Revenue Without Proper Test: Madras HC
LTCG Addition Deleted as No Evidence Linking Assessee to Penny Stock Manipulation: ITAT Delhi
SC to Examine Whether Verification Requirement Survives Section 148A Amendment
Unexplained Credits Taxed u/s 68: No Business Income or 80-IB Deduction Without Proof
ESOP Discount Allowed as Revenue Expense: ITAT rejects Notional Loss Claim
Addition on FD Interest Remanded as Authorities Failed to Examine Mutuality Principle
ITAT Remands Case as 12A and 80G Registration Denied Without Fair Opportunity
ITAT Rajkot: Hybrid Seed Company’s Income Held as Agricultural
Cost-to-Cost Reimbursements allowed Due to Adequate Evidence, But Ad Expenses Disallowed for Lack of Proof
ITAT Allowed TDS Credit Despite Form 26AS Mismatch as Income Taxed in Same Year
ITAT Rajkot: Mechanical Approval Invalid – Reopening U/s 148 Quashed
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.
