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.
Demonetisation Cash Deposits Explained by Recorded Cash Sales: ITAT Delhi Deletes Addition
Late Fee u/s 234E Deleted – Provision Not Applicable to TDS Periods Prior to 01.06.2015
Demonetisation Deposits Explained by Opening Balance: ITAT Delhi Deletes 68 Addition
Section 148 Notice Invalid Because TOLA Extension Did Not Apply
ESOP Costs Allowed as Business Expense Under Section 37(1): ITAT Delhi
Entire Bogus Purchase Cannot Be Added: ITAT Limits Taxation to Profit Element
ITAT Mumbai Deletes ₹37 Lakh 271D Penalty: Third-Party Statements Insufficient
Mere Wrong Audit Report Entry Can’t Justify U/s 143(1) Disallowance: ITAT Kolkata
ITAT Kolkata Strikes Down Assessment for Lack of Jurisdiction Based on CBDT Limits
Small Stamp Duty Variations Cannot Trigger Section 56(2)(vii)(b) Deemed Income
Section 153C Proceedings Quashed as Time-Barred & Below ₹50 Lakh Threshold: ITAT Delhi
Section 68 Addition Deleted as Loans Confirmed and Taxed in Lenders’ Hands
ITAT Mumbai Deletes Section 14A Disallowance as No Expenditure Was Claimed
Section 56(2)(x) Addition Deleted as Demerger Was Tax-Neutral
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.
