Income Tax
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ITAT Delhi Quashed Reassessment as Section 143(2) notice Issued by Wrong Officer

No Section 14A Disallowance When Exempt Income Is Minimal or Absent: ITAT Delhi

Mesne Profits from Overstaying Tenant Taxable as Rental Income: ITAT Delhi

Reassessment Void for Status Mismatch Between Notice and Order: ITAT Delhi

Demonetisation Cash Deposits Accepted: ITAT Caps Addition at ₹2 Lakh, Disallows 115BBE

Section 54F Claim Sent Back for Ownership and Investment Verification

ITAT Quashes ₹8.35 Cr Loan Addition u/s 68 Due to Denial of Cross-Examination

ITAT Delhi Set Aside Addition for Commission Due to Lack of Enquiry

Interest on Enhanced Compensation Taxable as Other Sources Income: ITAT Delhi

ESOP Cost Allowable Business Expenditure: ITAT Deletes ₹93 Lakh Disallowance

Reopenings for AYs 2014-15 & 2015-16 Time-Barred: ITAT Quashes Section 148 Notices

Section 263 Revision Upheld for Failure to Tax Interest on Enhanced Compensation

Political Donation Disallowance Set Aside for Borrowed Satisfaction & Natural Justice Violation

Section 14A Disallowance Rejected for No Nexus With Borrowed Funds
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.
