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 69 Cannot Be Invoked for Recorded Share Investments Merely for Premium Mismatch
Survey Disclosure Accepted in Return Cannot Trigger Section 270A Penalty: ITAT Mumbai
₹2 Crore Section 69 Addition Quashed Due to Uncorroborated Loose Sheets
Reassessment Addition Based Solely on Retracted Third-Party Statements Quashed: ITAT Mumbai
Reassessment Quashed for Failure to Record Reasons Under Section 148: ITAT Mumbai
ITAT Hyderabad Condoned 506-Day Delay; Ad Spend Allowed; Alleged Coerced Share Sale Ground Admitted
Loose Sheets + Retracted Statement Not Enough for 69A On-Money Addition: ITAT Chennai
Section 163 Inapplicable Without Direct or Indirect Income Flow to NRI: ITAT Hyderabad
ITAT Delhi Quashes Search Assessments for Mechanical Approval u/s 153D; Entire Proceedings Held Non-Est
Reassessment Quashed for Invalid Sanction u/s 151: Approval by PCIT Instead of PCCIT Held Void
Income Tax Recovery Without Supplying Assessment Order Copy Invalid: Delhi HC
Section 87A Rebate Cannot Be Denied for STCG and LTCG: ITAT Indore
Turnover Suppression Found, But Only Profit Element Taxable: ITAT Patna
No Adverse Inference Allowed Without Rejecting Books or Stock Records
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.
