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.
Wrong Starting Point for Section 153C Renders Assessment Time-Barred
Tax Exemption Granted to State Legal Service Authority, Chandigarh for Specified Incomes
ITAT Mumbai Quashed Section 263 as Issue Involved Only Inadequate Enquiry
Cash Withdrawals from Disclosed Bank Accounts Not Unexplained: ITAT Mumbai
CIT(A) Cannot Bypass Jurisdictional Grounds by Simple Remand: ITAT Amritsar
Bogus Purchases Cannot Be Added u/s 69C When Source of Expenditure Is Explained
Repaid Loan with TDS-Proved Interest Cannot Be Treated as Unexplained Cash Credit: ITAT Indore
No Double Taxation of Same Rental Receipt: ITAT Mumbai Directs Deletion of Duplicate Addition on CNIL Licence Fee
Penalty on Deceased Assessee Void, Section 271AAC Order Quashed: ITAT Mumbai
Suspicion Cannot Replace Evidence, Ad-Hoc Commission Addition Partly Set Aside
Redevelopment Compensation is Capital Receipt, Not Taxable as Income: ITAT Mumbai
Capital Introduction Explained with Documentary Evidence – Section 68 Addition Deleted
No Rule 46A Violation Where AO Ignored Remand Opportunities: ITAT Dehradun
Section 69A Addition Quashed Where Property Payment Was Deferred & Paid Subsequently
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.
