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.
Reopening Invalid as Based on Issue Already Decided in Earlier Year: Gujarat HC
SC: No TDS on Reinsurance Payments as Brokers Not PE; MAT Not Applicable to Insurance Companies
No TDS on Reinsurance Payments; Insurance Companies Not Liable for MAT: Madras HC
SC Dismisses Appeal Due to Delay, Upholds Time-Barred Reassessment Notice Ruling
Delhi HC Quashed Reassessment Notice as Issued Beyond Six-Year Limitation Period
Higher Depreciation Allowed on UPS as Integral Part of Computer: Delhi HC
Non-service of statutory notice prior to initiation of proceedings u/s. 148 not tenable: Matter remitted
Registration u/s. 12AB cannot be rejected without examining incidental nature of receipts: Matter restored
Tax Deduction for Startups under Section 140 of Income Tax Act 2025
Unexplained Cash Deposits Addition Reduced Because Only Peak Balance Taxable: ITAT Ahmedabad
ITAT Delhi Invalidates 153C Proceedings Because Satisfaction Note Lacked Income Link
Chhattisgarh HC Set Aside Reassessment Order Due to Non-Compliance with SC Rulings
Section 271(1)(c) Penalty Upheld Due to Non-Bona Fide Claims & Failure to Disclose Income
Gujarat HC Quashed Reassessment Notice Issued Beyond 10-Year Limitation Period
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.
