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.
SC Dismisses Reopening Challenge as Mere Change of Opinion Without Fresh Material
Section 264 Relief Cannot Be Denied Merely Due to Pending SC Issue: Delhi HC
AMP Expenses Not an International Transaction Due to MLM Commission Structure: ITAT Delhi
Reassessment Quashed for Ignoring Binding Advance Pricing Agreement Without TPO Findings
Reassessment Notice Held Valid Because SCN Period Is Excluded from Limitation: ITAT Mumbai
Addition u/s. 68 based on certain statement not sustained as documentary evidence not considered
Section 144C Can’t Extend Limitation: TP Assessment Quashed as Time-Barred
No Forfeiture, No Tax: Advance Can’t Be Income Under Section 56
No Nexus, No Big Section 14A Hit: Disallowance Slashed to ₹10 Lakh
One Satisfaction Note for Seven Years Invalidates Section 153C: ITAT Pune
Same-Day Cash Withdrawal and Deposit Not Unexplained Income
ITAT Mumbai Quashed Reassessment Notice for Being Issued Beyond Limitation Period
Revenue Appeal Dismissed as No Substantial Question of Law in Transfer Pricing Dispute
FMV Claim Rejected Because No Error Shown in Valuation Methodology
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.
