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.
Mark-to-Market Loss on Physical Silver Held as Trading Stock Allowable: ITAT Mumbai
TPO Selection Under Rule 10B Does Not Conclude Comparability: Karnataka HC
Separate Gaming Winnings Cannot Be Aggregated for Section 194B TDS: ITAT Mumbai
Foreign Asset Deemed Acquired in Year of Section 10 Notice: Karnataka HC
Bogus Purchase Addition Restricted to 6% as Sales Accepted: ITAT Mumbai
100% Bogus Purchase Addition Set Aside for Fresh GP Estimation: ITAT Mumbai
AO Ignored Existing Section 143(3) Assessment—Reopening After 4 Years Quashed: ITAT Mumbai
Delayed Supply of Reopening Reasons and Undecided Objections Vitiate Reassessment: ITAT Mumbai
Section 148 Notice Issued to Deceased Assessee Is Void Ab Initio: ITAT Chennai
Binding Madras HC Order Prevents SBI’s TDS Default on Foreign LFC: ITAT Ahmedabad
High Court No-TDS Direction Protects SBI From Section 201 Default: ITAT Rajkot
₹1.17 Crore Commission Disallowance Remanded to Verify Agents’ Role in Export Sales: ITAT Mumbai
Madras HC Interim Order Protects SBI From TDS Default on Foreign LFC: ITAT Agra
Foreign Travel Under LTC Not Exempt Under Section 10(5): Supreme Court
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.
