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.
₹1 Crore Commission Addition Rejected for Mere Suspicion
Carry-Forward of Losses Allowed Because IBC Resolution Doesn’t Extinguish Tax Rights
Assessment Quashed for Ignoring Binding DRP Directions
Estimated Income Reduced Because Declared Profit Was Ignored
Share Capital Addition u/s 68 Fails in Pre-2013 Years: Kolkata ITAT Deletes ₹4.28 Cr
Reassessment Quashed Because Notices Were Issued to a Dead Person
Addition Restored for Violating Rule 46A Procedure
Inbar Holding RSC Limited Get Income Tax Exemption for Indian Investments Till 2030
Cash Addition Quashed for Wrong Section: 153C, Not 153A, Applicable
Reassessment Quashed for Breach of Proviso to Section 147
PF–ESI Disallowance Sustained Because Checkmate Services Applies Retrospectively
Section 36(1)(viii) Deduction Allowed for Renewable Energy Financing Business
ITAT Mumbai Rejected Section 50C Due to Flawed Valuation of Tenanted Property
Entire Purchase Addition Quashed for Exceeding Appellate Jurisdiction
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.
