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.
Revision u/s 263 Quashed: AO’s Plausible View on 80P Deduction Cannot Be Substituted by PCIT
Section 153C Additions Deleted: No Corroboration for Third-Party Pen-Drive Evidence
Day of arrival to be excluded while computing period stayed in India: ITAT Delhi
Recorded Sales Cannot Be Taxed Again U/s 68; Additions Based Only on Third-Party Statement Deleted
WhatsApp chat retrieved from third party not sufficient for addition: ITAT Ahmedabad
Rental Receipts from IT Parks – Business Income or House Property?
On-Money Addition for Flat Purchase Deleted; Builder’s General Statement Alone Not Enough
Bogus Purchase Cases: Only Profit Element Taxable; 4% GP Addition Upheld
Eight-minute delay in Return filing cannot justify denial of loss carry forward: Bombay HC
Five-Year Tax Recognition Granted for Research to Rajalakshmi University Trust
Assessment on Amalgamated Company Held Void for Lack of Jurisdiction
Penalty for Non-Compliance Deleted as Venial Breach Where Assessments Accepted Returned Income
Average price of Kingsman Publication report and NYBOT to be considered for computing ALP
Carbon Credit Sale Treated as Capital Receipt, Not Taxable Income
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.
