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.
Reopening for Section 68 but Taxing u/s 115BBC Is Jurisdictional Mismatch: Pune ITAT Quashes Reassessments
Omnibus Section 153D Approval Invalid, Entire Search Assessment Quashed
Stamp Value Disputed, Section 50C Cannot Apply Without DVO
₹94.89 Lakh U/s 69A Addition Remanded Due to Medical Emergency
Search Jewellery Addition Cut for Arbitrary Expense Estimation
Penalty Under Section 270A Deleted After 153A Assessment Fails
Earlier Section 263 Action Cannot Justify Fresh 153C Assessment
Section 68 Addition Deleted for Ignoring Peak Credit
Understanding Marginal Relief: A Fairness Mechanism Built into Income Tax
Non-Compete Fee Paid to Protect Business is Revenue Expenditure: SC
Higher Depreciation on Goods Vehicles Cannot Be Denied at CPC Stage: ITAT Bangalore
TDS Credit Cannot Be denied by CPC Without Proper Verification: ITAT Pune
Best Judgment Assessment invalid without rejection of books of account
Only Real Income Taxable; ITAT Mumbai Deletes Addition, Section 11 Denial Academic
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.
