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.
Section 68 Addition Cannot Be Taxed Twice, ITAT Directs Netting Off from Business Receipts
Failure to Prove Cash Source Justifies Addition Under Section 69A: ITAT Hyderabad
Buyback through High Court approved scheme needs verification of NAV valuation u/r 11UA: Matter remitted
Section 153(3)(ii) Prevails Over Section 153(2A) in Special Audit Cases: ITAT Lucknow
Provision of future expense allowed as deduction u/s. 37(1) based on matching principle of accountancy
Bhagavad Gita, Vedanta & Yoga Are Philosophical and Not Religious: Madras HC
Ex-parte Enhancement Without Notice Unsustainable: ITAT ITAT Bangalore
CPC Cannot Deny Section 10(23C)(iiiad) Exemption via Section 143(1) Adjustments ITAT Bangalore
ITAT Bangalore: Section 148 Valid, Reassessment Set Aside for Non-Supply of Reasons
Later-Year Depreciation Cannot Be Decided Until Base Year Cost Is Finalised: ITAT Bangalore
Routine Repairs & Maintenance Allowed as Revenue Expense Due to No Enduring Benefit
ITAT Bangalore Allows 80P Deduction on Interest From Co-operative Banks; 307-Day Delay Condoned
153C Time-Barred: ITAT Quashes Assessments Outside Block Period Based on Satisfaction Note Date
No TDS Required on Foreign Agent Commission Since Income Not Taxable in India: ITAT Ahmedabad
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.
