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.
Penalty u/s 271B Deleted Due to Reasonable Cause for Delay: ITAT Chennai
Seized Document Not Dumb Where Cheque Entries Stand Verified: ITAT Delhi
Penalty Cannot Stand When Quantum Issue Is Pending Before HC: ITAT Hyderabad
Section 263 Order Quashed for Notice Issued to Non-Existent Entity
ITAT Ahmedabad Quashed Reassessment for Opinion Change on TDS Reconciliation
Section 153C Assessment Quashed for Lack of Incriminating Material
Second Reopening Set Aside Due to Time-Barred Section 148 Proceedings
Branch Office as PE Allowed Full Cost Deduction Under DTAA
Reopening Collapses on Wrong Facts: ITAT Ranchi Quashes Section 148 Notice in Share Capital Case
Penalty Cannot Stand When Quantum Addition Is Reversed: ITAT Pune
Section 144C Proceedings Fail Due to Jurisdictional Defect at Draft Stage
Appeal Restored Because Prior Appellate Order Was Unproven
Section 36(1)(iii) Disallowance Deleted Where Funds Were Sufficient
Deemed Dividend Deleted as Transactions Were Business Dealings
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.
