Income Tax
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Income Tax Form 46: Option for Arm’s Length Price Determination – Section 166(9)
Income Tax Form 45: Intimation of Foreign Tax Dispute Settlement (Credit Not Claimed)
Income Tax Form 44: Foreign Income Statement & Foreign Tax Credit
Section 54F Allowed Even When Property Purchased in Sister’s Name – Subsequent Gift Validates Claim
Sports Training Treated as ‘Education’; Section 12AB & 80G Registration Allowed
ITAT Denies Section 10(10D) Exemption as Assignment Does Not Alter Nature of Keyman Insurance Policy
Balance 50% Additional Depreciation Allowed in Subsequent Year as First-Year Use Was Below 180 Days: Madras HC
ITAT Delhi Deletes ₹4.30 Cr Addition Due to Timing Difference in Revenue Recognition
Include Previous Owner’s Holding Period for Inherited Property; Section 54EC Relief Allowed: ITAT Ahmedabad
Addition Deleted as Gross Receipts Cannot Be Taxed Without Profit Determination: ITAT Amritsar
ITAT Mumbai Rejects TP Adjustment as Preference Shares Cannot Be Treated as Loans Without Evidence
ITAT Mumbai Deletes LTCG Addition as No Evidence of Share Transaction Being Bogus
Section 54F Deduction Allowed as Investment in Under-Construction Property Treated as Construction
Gujarat HC Quashed Reassessment Notice Due to Absence of Fresh Material After Scrutiny Proceedings
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.
