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 36(1)(iii) Disallowance on Group Loans Remanded
No U/s 115BBE Tax Because Income Was Business Profit, Not Unexplained Money
Borrowed Satisfaction Invalidates Reopening Under Section 147
Rule 8D Disallowance Struck Down Because AO Acted Without Recorded Satisfaction
Exemption Restored Because Form 10B Filed Within Extended Due Date
Appeals Revived as AO’s Effect Orders Fall Under Section 143/144
Section 153C Six-Year Block Runs From Satisfaction Note Date
388-Day Delay Condoned; Case Remanded for Fresh Hearing
Wrong Officer Issuing Section 143(2) Voids Entire Assessment
No Real Transfer, No Automatic U/s 50C Tax on Property Transaction
Initial Onus Discharged, ₹71.23 Lakh Section 69A Burden Shifts to Revenue
Additions based on BUP IDs, internal identifiers and presumptive opening deposits are not sustainable
Documented Demat and Exchange Trades Defeat Section 68 Addition
Reassessment u/s. 148 quashed as based on same material which was accepted by AO in earlier proceeding
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.
