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 69A Addition on Seized Cash Notings Quashed: Tea Estate Receipts Not Taxable in Director’s Hands
Penalty Deleted Where Income Already Disclosed & Additions Lead to Double Taxation
Section 43B Satisfied When Gratuity Liability Is Genuinely Discharged: ITAT Delhi
DRP Final Orders Quashed as Time-Barred Under Sections 144C & 153
ITAT Kolkata Allowed Section 54 Exemption Despite Incomplete House Construction
ITAT Pune Remands Capital Gains to AY 2011-12; Revised Computation Allowed
Change of Opinion: ITAT Pune Quashes Reassessment; Section 68 & 40(a)(ia) Additions Fail
ITAT Mumbai Quashes Reopening Beyond 4 Years; Sub-Contract Disallowance Deleted
Notional JDA Income Not Taxable Without Real Accrual: ITAT Pune
Reassessment Quashed for Failure to Dispose Objections Before Order: ITAT Mumbai
Assessment Quashed as Section 127 Transfer Made by Non-Jurisdictional PCIT
Notice Invalid as Limitation Exhausted Despite Section 148A Process
Penalty Cannot Survive After Deletion of Quantum Addition: ITAT Pune
ITAT Pune Quashed Reassessment for Not Supplying Recorded Reasons
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.
