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.
Penalty u/s 271B Deleted for Delay in Audit Report Due to Managing Director’s Illness
Interest on Borrowed Capital Forms Part of Cost of Acquisition: ITAT Chennai
Interest from Co-operative Bank Eligible for Section 80P(2)(d) Deduction: ITAT Surat
Reopening Based on “Reason to Suspect” Is Invalid: ITAT Chennai
Consistently Followed Project Completion Method Cannot Be Rejected: ITAT Surat
Sections 54B & 54F Deductions Reopened: ITAT Ahmedabad Remands Capital Gains Case for Fresh Adjudication
Environmental Trust’s Contractual Receipts Held Charitable: Section 11 Exemption allowed
Demonetisation Cash Deposits Taxed Due to No Business Necessity
Income Tax Assessment Quashed as Final Order Was Passed Beyond Statutory Limitation: ITAT Delhi
SC Sets Aside HC Direction to CBDT to Modify Income-Tax Software System
Bombay HC Quashed Section 148 Reassessment Notice for Approval by Wrong Authority
Estimated Commission Addition Cannot Trigger Concealment Penalty: ITAT Mumbai
Retracted Third-Party Statement Alone Insufficient for Section 68 Addition: ITAT Mumbai
Excess Income Tax Refund Set-Off Against Disputed Penalty Impermissible: Bombay HC
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.
