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.
ITAT Ahmedabad: No Penalty for Mere Wrong Claim – U/s 271(1)(c) Deleted
ITAT Mumbai: Section 68 Addition Deleted – Mere Suspicion & Third-Party Info Not Enough
ITAT Delhi: No Proper Service of U/s 148 Notice – Entire Reassessment Quashed
Government Cannot Claim Special Treatment for Condonation of Income Tax Appeal Delay
Abandoned Business Project Expenses Allowed as Deduction Due to Business Purpose
Section 54B Deduction Allowed Even If Farming Done Through Villagers: ITAT Hyderabad
CPC Section 143(1) Adjustment Invalid if done without Prior Intimation: ITAT Delhi
Income Tax Section 143(1) Adjustments Without Opportunity of Hearing Unsustainable
ITAT Delhi Allows TDS Credit as CPC Failed to Issue Mandatory Notice
Karnataka HC Granted Relief Based on Precedent Without Fresh Adjudication
Section 43B Not Applicable as Electricity Duty Is Not Assessee’s Liability: P&H HC
Karnataka HC Set Aside ITC Denial Due to Failure to Examine Genuine Transactions
SC Dismisses SLP as Issue Already Covered by High Court Precedents
Bombay HC Quashes Notices Since Issue Already Decided in Prior Cases
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.
