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.
10% Expense Addition Set Aside for Absence of Evidence-Based Findings
Inspector’s Report Cannot Be Used Behind Assessee’s Back: ITAT Delhi
Section 68 Inapplicable to Identified Donations to Charitable Trust
Section 194T (10% TDS) causing cash-flow blockage for MSMEs
Section 68 Cannot Be Invoked Merely for Non-Appearance of Share Subscribers on Presumptions
Section 40A(3) Disallowance for Cash Freight Payments Within ₹35,000 Quashed; WhatsApp Chats Insufficient
Assessment Quashed for Ignoring DRP Objections- HC directs CBDT to Plug Procedural Gaps in DRP Process
Reassessment Notice & Order Quashed for Denial of Opportunity to Produce Accounts
Repayment of Accepted Loans Cannot Be Treated as Unexplained Income
Section 80HHC Amendment Non-Retrospective: Delhi HC Quashed Reassessment Notice
Tax Demand Inconsequential After Section 10(46) Exemption Notification: Calcutta HC
Income Tax Reassessment Notice Quashed for Breaching 10-Year Limitation Rule
PCIT-263 Upheld for Inadequate Inquiry in Search Assessment: ITAT Mumbai
Section 69C Not Invokable: ITAT Mumbai Dismisses Revenue Appeal in Bogus 80GGC Case
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.
