Income Tax
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Assessment u/s 143(3) Invalid When Case Falls in 153C Block Period: ITAT Delhi
148 Notice for AY 2015-16 Time-Barred After Rajeev Bansal – Reassessment Quashed
Section 271(1)(c) Penalty Set Aside for Vague Limb in Notice: ITAT Delhi
Notional Rent Deleted for Unsold Villas Held During Pandemic: ITAT Bangalore
Section 153A Invalid Where No Incriminating Material Found in Search: ITAT Delhi
Belated Return Under Section 148 Still Requires 143(2) Notice: ITAT Delhi
Contribution to State Nodal Agency Allowed as Application of Income
Cash Advances Not Taxable Before Project Completion Under PCM
Addition Deleted for Wrist Watches Due to invocation of Section 69 Instead of 69A
Agreement to Sell Treated as Transfer Date; Section 54 Exemption Allowed: ITAT Mumbai
Share Valuation Can’t Be Based on Unrelated Transaction Prices: Delhi HC
ITAT Mumbai Upholds Composite Satisfaction u/s 153C; Sustains Partial 69C Addition in Land Deal
Technical Mistake in Form 10AB Can’t Block U/s 12A Approval: ITAT Kolkata
ITAT Ahmedabad Sustains 69C Additions Based on Seized Diaries with Running Ledger
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.
