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.
PCIT Action Invalid for Failing Twin Conditions Under Section 263
Bogus Purchases Partly Disallowed Due to Accepted Sales
Purchase Addition Reduced as Manufacturing Reality Considered
Extended Limitation Cannot Apply to Expense Disallowances
Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
80P Deduction Denied as Bank FD Interest Lacked Nexus with Credit Facilities: ITAT Chandigarh
ITAT Kolkata Quashed Reassessment for Borrowed Satisfaction in Share Capital Case
ITAT Mumbai Allowed Telescoping of Estimated Commission Based on Earlier Years
ITAT Delhi Set Aside Section 143(1)(a) Addition for Lack of Hearing
ITAT Delhi Disallowed Website Expense Due to Accommodation Entry Findings
Assessment Order in Name of Deceased Assessee Invalid: ITAT Chennai
CIT(A) Cannot Set Aside Case After Favorable Remand Report: ITAT Delhi
Reassessment Issued to Deceased Person Held Void Ab Initio
271D/271E Penalties Time-Barred: Limitation Runs from AO’s Action, Not Addl. CIT Notice
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.
