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.
JAO Lacked Jurisdiction to Issue Section 148 Notice: Rajasthan HC
Appellate Authority Allowed to Set Aside Best-Judgment Assessment Under Amended Law
SC Quashed Reopening for Lack of Valid “Reason to Believe”
Reassessment Quashed: No Valid ‘Reason to Believe’ Despite Insight Portal Data – Gujarat HC
TDS Demand Quashed: No Proof of Cash Payment; Section 194-IA Liability Not Automatic
Share Certificate Transfer Dates Prove Holding Period; ITAT Allows LTCG Despite Purchase Date Doubts
Section 80P Deduction Denied Due to Belated Return, Case Sent Back for Condonation Review
Interest on Allegedly Bogus Loans Sent Back for De Novo Adjudication
CIT(A) Ex-Parte Order Quashed: Notices Sent to Old Counsel Email; Matter Remanded
80P Deduction Denied for Late Return, Case Sent Back for Condonation
Section 148 Reassessment Notice Quashed as Issued Beyond Surviving Limitation
Home Loan Interest Disallowance Remanded Due to New Evidence on Business Use of Loan
SC Refuses to Entertain Income Tax Appeal Lacking Discretionary Grounds
ITAT Mumbai Restored Section 11 Exemption After Delay in Form 10B is Condoned
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.
