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.
Reopening Beyond limitation – Mechanical Approval Fatal – Entire Batch Collapses
Political Donation Deduction Allowed Due to Lack of Assessee-Specific Evidence
Wrong AO’s U/s 143(2) = Non-Est Assessment – U/s 263 & Consequential Order Also Collapse
Rajeev Bansal Strikes Again – Time-Barred Reopening & Entire Capital-Gain Addition Quashed
Mechanical Approval U/s 153D Vitiates Entire U/s 153C Assessment – All Years Quashed
Reopening Quashed for Non-Application of Mind & Wrong Sanction
Madras HC Allows Loss & Depreciation Set-Off After Transport Corporation Amalgamation
Charitable Exemption Disallowance Requires Proper Assessment, Not CPC Adjustment ITAT Jodhpur
₹14.25 Cr Share Premium Addition Restored as CIT(A) Order Set Aside for Unsubstantiated DCF Valuation: ITAT Delhi
80-IBA Deduction Issue Sent Back to AO as CPC Disallowance Held Beyond Jurisdiction: ITAT Jodhpur
66 Day Delay Condoned Due to E-Filing Portal Unfamiliarity in Trust Registration Case
Income-Tax Demand Quashed for Non-Deposit of Salary TDS by Employer
₹3.40 Crore Housing Project Deduction Restored After Reopening Beyond 4 Years Set Aside
Bombay HC Allowed Additional Transfer Pricing Ground as AE Treated Tested Party
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.
