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 148 Notices Void as Issued Outside Mandatory Faceless Scheme

ITAT Mumbai Restricts Bogus Purchase Addition to 6%; Full 69C Disallowance Set Aside

Joint Income Tax Returns for Married Couples: A Policy Shift Ahead?

Joint Owner (Housewife) Not Taxable u/s 56(2)(vii)(b) Where Spouse Paid Entire Consideration

Section 271(1)(c) Penalty Quashed for Vague Notice Without Specifying Charge: ITAT Indore

Section 148 Notice Invalid for Breach of Faceless Reassessment Scheme

No TDS on Foreign Commission Where Income Not Chargeable in India: ITAT Agra

Protective Additions fails Once Substantive Additions Confirmed: ITAT Chandigarh

Trust Registration Cancellation Quashed for Lack of Jurisdiction

Indexed Cost of Land Cannot Be Denied on Presumption: ITAT Hyderabad

Commission Disallowance Deleted as Payments Held Mandatory Royalty

PCIT Oversteps Powers by Ordering Penalty Without Assessment Finding

PCIT Cannot Act on AO’s Proposal: ITAT Pune Quashes Section 263 Revision

Live Telecast Rights Not Royalty Due to Absence of Enduring Benefit: Delhi HC
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.
