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.
Addition of bogus LTCG not sustained since impugned scrip not in list of shares in investigation report
Mechanical U/s 153D Approval Voids Entire Search Assessment
No Corroboration, No Tax: Diary-Based Search Additions Deleted
Mere existence of related-party transaction does not trigger s.40A(2)(b)
Rectification Rejected as U/s 143(1) Intimation Had Attained Finality
Date of Satisfaction, Not Search, Governs U/s 153C Limitation Period
Local Authority Status of DDA Defeats TDS on Ground Rent
Bogus Purchases Must Be Taxed Under Section 69C, Not 37(1)
Penalty Deleted After Quantum Remand for Lack of Proper Hearing
Section 263 Quashed Where Assessing Officer Conducted Proper Enquiry
Reassessment Quashed as U/s 148 Notice Issued After TOLA Time Limit
Reassessment Quashed Due to Invalid Section 148 Notice
DDT Can’t Beat DTAA: ITAT Orders Refund at 10% Treaty Rate
Section 14A Disallowance Deleted Due to Availability of Own Funds
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.
