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.
Share Capital & Premium Can’t Be Added Solely for Non-Appearance of Investors: ITAT Kolkata
Reassessment for AY 2015-16 Time-Barred After Rajeev Bansal Ruling: ITAT Kolkata
Section 54 Deduction Allowed Even If Original Return Was Not Filed: ITAT Mumbai
No Section 271AAA Penalty Where Search Disclosure Was Proper: ITAT Kolkata
Bogus Purchases: ITAT Mumbai Restricts Addition to 5% Where Sales Are Undisputed
ITAT Mumbai Deletes On-Money Additions u/s 69/69B; No Cross-Examination of Excel Data
Penalty on Estimated Bogus Purchases Unsustainable: ITAT Pune
ITAT Mumbai Quashed Section 69 On-Money Additions for Natural Justice Breach
Cash Gifts From Relatives Not Taxable; Section 68 Addition Quashed by ITAT Kolkata
ITAT Rajkot Set Aside Trust Registration Rejection for Lack of Proper Hearing
Interest on Enhanced Land Compensation Taxable as Income in Year of Receipt
Madras HC Dismissed Income Tax Appeals Due to Invalid DRP Directions Lacking DIN
153C Time-Barred: ITAT Kolkata Quashes Notice Based on Seized Digital Material
ITAT Delhi Deletes Share Capital & 56(2)(viib) Additions: DCF Valuation Upheld
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.
