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.
Unsigned Agreement = No Incriminating Material; ALV Addition in 153A Unsustainable
Entire Bank Deposits Not Income; Only Profit Element Taxable @ 12%
Bhandara Expenses = Relief of Poor & Valid Application of Income: ITAT Agra
No Tangible Material: Reassessment Invalid; Bogus LTCG Addition Deleted– ITAT Chandigarh
ITAT Chandigarh Denied Section 80G Registration on Ground of Religious Activities Set Aside
Reassessment u/s 148 Quashed Where No Addition Made on Recorded Reasons: ITAT Cuttack
No Section 263 Action on Debatable Penny Stock LTCG After Full AO Probe: ITAT Mumbai
38 Important Income Tax changes proposed in Finance Bill 2026
ITAT Mumbai Allows 80IC Depreciation; Bogus Purchases Addition Restricted to 12%
Interest on Unutilised Government Grants Exempt: ITAT Ahmedabad
Delay in Filing Form 10AB for 12AB Registration Can Be Condoned: ITAT Mumbai
Charitable Trust Entitled to Indexation Benefit on Capital Gains & Simultaneous Deduction u/s 11(1)(a) and 11(1A)
Penalty u/s 271(1)(c) Not Leviable on Estimated Addition of Profit Element in Bogus Purchases: ITAT Mumbai
Tax Exemption Granted to District Legal Service Authority, Faridabad for Specified Incomes
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.
