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.
Only profit element embedded to unaccounted purchases can be taxed: ITAT Chennai
Gift of property to wife not colourable device to taint claim of exemption u/s. 54F
TDS on Property Transactions: Transition from Form 26QB to Form 141
From Section 44AA to 62: Evolution of Book-Keeping & Tax Auditor Liability
LTCG Cannot Be Taxed in Wife’s Hands When Property Settled by Husband – ITAT Deletes Rs. 19.86 Cr Addition
Reopening Notice Invalid Without Proper Section u/s 151 – ITAT Quashes Reassessment
Cash Received at Time of Property Registration Not Hit by Sec.269SS – Penalty u/s 271D Deleted
Free Gift Scheme Valid Business Promotion – ITAT Deletes ₹1.47 Cr Disallowance
ITAT Pune: Reopening After 4 Years Invalid When Share Premium Details Already Disclosed – Rs. 30 Cr Addition u/s 68 Deleted
Entire Bank Deposits Cannot Be Treated as Income – ITAT Directs 8% Profit Estimation
Penalty U/s 271DA & 271E Invalid When Original Assessment Set Aside – ITAT Deletes Penalties
Bank Deposits Treated as Business Receipts – ITAT Upholds Deletion of ₹1.71 Cr Addition u/s 69A
Reassessment Quashed – Notice U/s 148 Held Time-Barred & Ante-Dated
ITAT Chennai: No Addition U/s 56(2)(vii) Where Valuation Difference Within 10% Tolerance Band
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.
