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 Delhi Sets Aside Assessment as Faceless Jurisdiction Was Assumed Prematurely
ITAT Deletes Tax Adjustment as CPC Failed to Issue Mandatory Intimation Before Processing Return
Section 80C Deduction & HRA Exemption Rejected as Assessee Failed to Produce Evidence
Addition for Bogus Sale Upheld as Assessee Failed to Prove Genuine Transactions: Jharkhand HC
Inadvertent Error in Partnership Deed on Remuneration Limits Cannot Justify Disallowance: ITAT Mumbai
Temple Authority Assessment Order Set Aside as Ex-Parte Proceedings Denied Proper Opportunity
Penalty Cannot Be Levied for Erroneous DTAA Claim Due to Bona Fide Interpretation of Law
ITAT Deletes AMC Income Addition as Section 43CB Mandates Straight-Line Revenue Recognition
J&K HC Upheld Addition as Inflated Stock Statement Given to Bank Showed Higher Quantity & Value
Addition for Cash Car Purchase Set Aside Because Revenue Relied on Suspicion Without Evidence
Income Tax Demand Invalid as Original Assessment Had Nil Liability & No Reopening Was Initiated
ITAT Remands 12A & 80G Applications for Fresh Review Over Lack of Adequate Opportunity
Section 56(2)(x) Addition Set Aside as AO Failed to Refer Property Valuation to DVO: ITAT Mumbai
ITAT Deletes Tax Addition Because Long-Term Share Investment Was Genuine, Not Penny Stock
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.
