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.

Notional Addition on Alleged Understatement of Sales — Held Without Authority of Law

Old Cash Withdrawal Claim Rejected for Demonetisation Deposits

Mechanical Appellate Order Quashed for Ignoring Rule 46A

Interim Compensation Not Taxable Until Final Court Settlement

60% Tax Under Section 115BBE Not Applicable Before 1 April 2017

Half-Way Condonation Invalid: Time-Barred Appeal Can’t See Merits

NFAC Order Quashed for Casual and Non-Application of Mind

Limitation Runs From Statutory Reply Period, Not Actual Reply Date

Appeals Rejected Due to Unexplained Nine-Year Delay in Filing

PCIT Overreach Defeats Revision on Depreciation and CSR Claims

Non-Compliance Alone Can’t Justify ₹12 Lakh Cash Addition

Government subsidy received under rehabilitation scheme is capital receipt

No Rule 46A Breach When CIT(A) Calls Records Suo-Motu: ITAT

CBDT Grants Scientific Research Approval to Indian Institute of Science Education & Research
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.
