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.
Capital gain to be offered in the year of execution of sale deed: Exemption u/s. 54 allowed
Ex-Parte Assessment Set Aside Due to Death and Sealed Factory
Ex-Parte Faceless Order Quashed for Denial of Natural Justice
Bank Deposit Additions Need Proof, Not Presumptions
Self-Made Vouchers Alone Can’t Justify 20%–50% Expense Cuts
Bogus Purchase Addition Fails When Sales Are Accepted as Genuine
263 Has Limits: Second Bite at Cherry Denied to Revenue
No Remand for AO’s Lapse: Section 80JJAA Claim Restored by ITAT
Section 68 Additions Fail After Remand Verification Confirms Loans
No Valid 153C Jurisdiction, No Power Under Section 263
Old U/s 148 Notice Converted Later Still Time-Barred for AY 2015-16
Transfer pricing adjustment of corporate guarantee fee not sustained based on earlier years decision
Section 263 Fails Where 153C Assessment Has Valid 153D Approval
Abated Assessment Year Lets AO Re-Examine Entire Return
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.
