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.
Section 68 Addition Quashed Where Purchases and Stock Were Not Disputed
TDS on Agent Commission: Only Interest Recoverable if Tax Paid
Section 132(4) Statements Alone Insufficient Without Supporting Evidence
Section 153A Assessment Quashed for Mechanical u/s 153D Approval
No Double Penalty for Same Default Under Sections 271A and 271B: ITAT Chennai
Final Assessment Quashed for Breach of Statutory Time Limits
ITAT Mumbai Rejects Section 68 Additions on Alleged Circular Loans
Only Profit Element Taxable in Bogus Purchase Cases: ITAT Mumbai
Section 80G Renewal Cannot Be Denied for Curable Defects or Proposed Object-Clause Amendment
Reassessment Quashed for Being Initiated by Wrong Authority Under Faceless Scheme
ITAT Chennai Orders De Novo Examination in Search Case Involving ₹200+ Crore Notings
Section 69A Addition Cannot Be Challenged Through 154 Rectification: ITAT Indore
ITAT Surat Upholds Reopening but Restricts Bogus Purchase Addition to 5% of Purchases
Section 153C Proceedings Quashed for Lack of Incriminating Material: ITAT Chennai Sets Aside ₹597+ Crore Additions
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.
