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.
Employee Not Liable for Employer’s Business Expenses
Ex-Parte Dismissal Without Merits Is Legally Unsustainable
No 143(2) Notice Means No Valid Assessment, Rules ITAT
CIT(A) Can Call for Evidence Directly – No Rule 46A Violation
No Liability Written Back, Section 41(1) Can’t Apply
Section 147 Reopening Can’t Be Based Only on Cash Deposit Alerts
NFAC Can’t Dismiss Appeal by Forcing Separate 143(1) Challenge
Cash Gifts From Family Can’t Be Rejected Without Verification
Section 50C Not Applicable to Transfer of Life Interest in Property
Assessment Quashed for Mechanical Approval Under Section 153D
Section 263 Appeal Becomes Infructuous After Nil Demand
Wrong Authority Approval Invalidates Reopening Beyond Three Years
Additions Deleted for Failure to Verify Form 26AS and Pension Income
Multipurpose Co-op Societies Get Fresh Look on U/s 80P Claims
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.
