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 249(4)(b) Dismissal Reversed; One Opportunity to Explain Advance-Tax Liability
Bombay HC Quashed Assessment for Denial of Video Hearing Under Faceless Scheme
ITAT Indore Allowed Section 80JJAA Deduction Despite Delay in Form 10DA Filing
ITAT Pune Orders Verification Where Taxpayer Disputes Own ITR Disclosure
Third-Party DD Payment Explains Investment; U/s 69 Addition Deleted
Delay in Filing Form 10AB Can Be Condoned After Finance Act 2024 Amendment
Scrutiny Valid Despite Section 12A Rejection; Merits Restored Pending Registration Outcome
Vague Penalty Notice Invalidates Search Penalty Under Section 271AAB: ITAT Ranchi
No 270A Penalty Where Income Is Based on Gross Profit Estimation: ITAT Ranchi
Section 50C Date Shift Allowed; Stamp Value to Be Taken as on Agreement Date
Section 80P(2)(d) Allowed; Interest from Co-op Banks Fully Deductible
Section 145(3) Upheld, but Arbitrary Estimation Curbed; Cold Storage Profit Recomputed Rationally
Wrong AY = No U/s 69A Addition; Seized Cash Taxable Only in Year of Seizure
Section 271A Penalty Sustained Despite VSV Settlement; Non-Maintenance of Books Proved
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.
