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.
ITAT Delhi Upholds Section 80-IC Deduction for Lotus Herbals; Bogus Expansion Claims Rejected
ITAT Mumbai: Invalid Section 148 Notice Leads to Deletion of Tax Demand
Section 68 Addition Fails Without Proof of Actual Penny Stock Trades: ITAT Mumbai
Stamp Duty Value on Allotment Date Applies Under Section 56(2)(x): ITAT Mumbai
Opening Balances and Proven Loans Cannot Be Taxed on Suspicion: ITAT Mumbai
Motor Car Disallowance Deleted as Ownership & Business Use Proved: ITAT Mumbai
Third-Party Material Alone Can’t Trigger Section 153A for Unabated Years: ITAT Delhi
Income Tax Refund Interest Eligible for Section 80-IA deduction: ITAT Hyderabad
Minor COVID-19 Delay Condoned; HC Directs Return Reprocessing with Exemption Benefits
Deduction Allowed Since Form 10CCB Audit Report Filed Before Processing of Return
Notice by Wrong Officer Invalid, ITAT Kolkata Set Aside Entire Assessment
ITAT Kolkata Quashed Assessment for Exceeding Limited Scrutiny Jurisdiction
Delhi HC Set Aside TDS Demand for Employee Due to Non-Deposit by Employer
ITAT Bangalore Rejected Estimated Profit as Audited Books Showed Reasonable Margin
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.
