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.
Section 271AAB Penalty Quashed for Failure to Specify Applicable Limb: ITAT Hyderabad
Ambiguous Section 271AAB Penalty Notice Invalid: ITAT Visakhapatnam
Vague Section 271AAB Penalty Notice Invalid: Madras High Court
Excess Stock Surrender Taxable as Business Income at Normal Rate: ITAT Chandigarh
Section 11 Denial Cannot Make Entire Trust Receipts Taxable: ITAT Bangalore
ITAT Mumbai Allows Proportionate Section 80-IB(10) Deduction Despite one Incomplete Building
Bogus Purchase Addition Cut from 12.5% to 5%: Mumbai ITAT Follows Trader’s Own Earlier Year
Business Correspondent Bank Credits Not Unexplained Money: ITAT Mumbai
Additions Beyond Limited Scrutiny Scope Without Conversion Deleted: ITAT Delhi
Additional Evidence Admitted; House Property Issues Remanded: ITAT Mumbai
Section 36(1)(iii) Addition Beyond Limited Scrutiny Scope Deleted: ITAT Delhi
Acquired Goodwill as Balancing Figure Eligible for Depreciation: ITAT Mumbai
Free Classes, No Expenses in the Books: Can a Trust Lose Its Registration for That Reason Alone?
Additions Beyond Limited Scrutiny Scope Invalid Without Conversion: ITAT Ahmedabad
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.
