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.
Time-Barred Reassessment Notice Quashed: ITAT Annuls Section 148 Proceedings Beyond Limitation
Co-owner’s Relief Applied: ITAT Deletes DVO-Based LTCG Addition and Allows Section 54F Exemption
Reopening Invalid Where No Addition Made on Recorded Reasons: ITAT Quashes Bogus Loss Disallowance
Appeal Cannot Be Dismissed in Limine u/s 249(4)(b) Without Examining Advance Tax Liability
Section 263 Upheld for Inadequate Check on Political Donations
Property Bought Using UAE Earnings Not Taxable as Unexplained
ITAT Delhi Rejected Accommodation Entry Allegation for Lack of Contradictory Evidence
Section 263 Cannot Replace AO’s View on Reopening Issues
Generic Client Code Modification Allegations Insufficient for Reopening: Delhi HC
Old Trusts Must Get Regular U/s 12A Registration, Not Provisional
Car Audio Systems Assembled in India Are Domestic Goods, Eligible for Lower VAT Rate: Madras HC
ITAT Mumbai Deleted FBT Addition as Sales Promotion Expenses Gave No Employee Benefit
Land Beyond Municipal Limits Is Not a Capital Asset: Revenue’s Appeal Dismissed
Section 68 Addition Deleted Where Deposits Were Temporary for Student VISA & Repaid
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.
