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.
SC Dismisses Revenue SLP for Delay in Share Valuation Reassessment Case
Share Valuation Must Follow Rule 11UA, Not Isolated Third Party Transactions
Section 11 Exemption Denied for Missing Form 10B Held Invalid at 143(1) Stage
Simplified Income Tax Act, 2025, To come into force from April 1 2026
Section 144C(13) Breach: ITAT Quashes DRP-Based Assessment as Time-Barred Beyond One Month
Section 153C Assessment Must Begin from Last Assessed Income
Double Taxation of LTCG Not Allowed: ITAT Allows Credit for Gain Already Declared
ITAT Delhi Quashed Reassessment for Borrowed Satisfaction & No Live Nexus
ITAT Deletes Addition: Borrower Can’t Be Penalised When Loan Accepted in Lender’s Case
No Year-Specific Satisfaction, No Valid U/s 153C Proceedings
Section 148 Notice Invalid Due to Defective Sanction: ITAT Delhi
Demonetisation Cash Sales: ITAT Rejects Full Section 68 Addition, Applies GP Estimation
One-Day PF Delay Excused Where Payment Was Impossible
CIT(A) Cannot Remand Assessment on Wrong Legal Assumption: ITAT Chandigarh
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.
