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.
Transfer Pricing: CUP Analysis Market Condition Adjustments: Thailand Vs. Vietnam
Suppressed Sales Addition Deleted: KOT Data and Survey Admissions Without Corroboration Not Valid
Income Tax Addition for Capitation Fees Rejected Because Statement Was Uncorroborated
Capitalisation in Books Does Not Decide Tax Deduction, Marketing Spend Allowed as Revenue
Revision Under Section 263 Invalid Because AO’s Order Was Not Prejudicial to Revenue
Unreasonably high expense needs to be establish by assessee: Matter remanded to verify additional evidence
No separate notional interest adjustment when working capital adjustment made under TNMM
Penalty U/s 270A Set Aside as U/s 270AA Immunity Denied Due to Form 68 Glitch – ITAT Remands Case
Denial of U/s 80G Approval to Educational Trust Held Unjustified – ITAT Directs CIT(E) to Grant Approval
Construction Cost Disallowance in Capital Gains Set Aside; AO to Examine Valuation Report
Reassessment Notice Issued to Deceased Person Invalid – Entire Proceedings u/s 147 Quashed – ITAT Bangalore
Appeal Against 143(1) Proposed Adjustment Invalid; Assessee Allowed Fresh Appeal
Cash Deposits in Partner’s Personal Bank Account Explained as Firm’s Business Receipts – Addition U/s 69A Deleted
Revised Returns U/s 153A Don’t Bar Tax Evasion Prosecution – Kerala HC Upholds Case U/s 276C(1) & 277
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.
