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.
Recovery by income tax department prior to conclusion of trial under PMLA is erroneous in law
Provision of interest on loan from state government being ascertained liability cannot be disallowed u/s. 37
Transfer of case u/s. 127 to centralize assessment of all connected persons is justifiable
Opening Cash and Debtors Explain ₹1.03 Cr Cash Deposit
CPC Exceeded 143(1) Powers by Rewriting Dividend Income
Section 194T Liability of Firms To Deduct TDS On Payments To Its Partner
Section 148 Notice Invalid as PCIT Approval Failed After 3-Year Limit
Split Jurisdiction Breaks Reassessment, U/s 147 Order Quashed
Audit Objection Can’t Reopen Past Assessment, U/s 148 Notice Quashed
Name the Charge or Lose the Penalty, U/s 270A Proceedings Collapse
Late by Days, Lost for Years: Time-Barred 148 Notice Quashed
Cash Possession Doesn’t Prove Ownership, 69A Addition Fails
Setting off short term capital loss against non-STT gains and then against STT gains is permissible in law
Wrong Route Chosen: Section 147 Fails Where 153C Alone Applies
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.
