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.

Final Assessment Quashed for Missing One-Month DRP Deadline

Loss-Making Co-operative Society Not Liable on Bank Deposits

Section 12A Order Set Aside Due to Breach of Natural Justice

Reassessment Quashed for Wrong Sanction Under Section 151

Profit Estimated as Safeguard; Bulk Cash Credit Addition Set Aside

ITAT Grants Last Chance in ₹2.28 Cr Unexplained Property Investment Case

Interest from Private Banks Eligible for 80P Deduction: ITAT Pune Clarifies

Illiteracy and Notice Errors Save ₹2.61 Cr in ITAT Delhi Ruling

Single Section 153D Sanction for Seven Years Deemed Illegal by ITAT

Section 153C Notice Invalid Due to Missing ₹50 Lakh Asset Satisfaction

Section 148 Notice by Local AO Invalid Under 2022 Scheme

Section 148A Proceedings Invalid Outside Section 151A Framework

Bogus Loan Allegation Rejected After Proof of Repayment

Expense Not Bogus Merely for Recipient’s Non-Filing of Return
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.
