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.
Agricultural Land Capital Gain Addition Deleted in absence of development or trading intent
Capital Gains Deleted as Land Retained Agricultural Character at Time of Sale
Section 263 Revision Invalid as PCIT Acted Without Independent Application of Mind
Reassessment Invalid as AO Failed to Issue 143(2) Notice After Belated Return
AO Cannot Apply 50% Presumptive Tax Rate Without Proof of Professional Income
No Tax on Property Deals Within 10% Gap: ITAT Allows Safe Harbour on DVO Value
Companies with significantly higher turnover are not comparable: ITAT Bangalore
On-Money Additions Deleted as Based Solely on Third-Party Excel Data Without Proof & Opportunity to Cross-Examine Witness
ITAT Upheld 200% Penalty for Bogus Political Donation Under Section 80GGC
Special Income Tax Audit Invalid Due to Lack of Proven Complexity in Accounts: Delhi HC
Extended 10-Year Reassessment Window Cannot Exclude Search Year: Gujarat HC
LTCG Addition Deleted: No Evidence Linking Assessee to Penny Stock Scheme
Bombay HC Quashes Reassessment for Invalid Section 151 Approval
CSR Reassessment & 80G Denial Based Only on Audit Objection Invalid: Bombay HC
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.
