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.
Closing Stock Cannot Be Valued at Nil Because Suspension Is Not Seizure
Section 153A Mandated When Assessee’s Premises Are Searched
Access to Licensed Software Isn’t Royalty Because Only a Copyrighted Article Is Used
Charity Registration Denial Set Aside Due to Procedural Error, Not Merits
DRT Auction Purchase Still Benami When Loan Source Is Unexplained
Reassessment Quashed for Escaped Income Below ₹50 Lakh Threshold
1918-Day Delay Condoned; No Penalty on Excess Section 54F/54B Claim
Technical Delay Can’t Defeat Substantive Justice: ITAT Pune
Seller’s Settlement Admission Can’t Implicate Buyer: On-Money Addition Deleted
Bona Fide Mutuality Claim Bars U/s 271(1)(c) Penalty on Bank Interest
Section 12AB Registration Can’t Be Cancelled for Procedural Lapses Alone
153C Assessment Remanded for Failure to Examine Jurisdictional Satisfaction
NFAC Can’t Dismiss Appeal for Non-Appearance Without Merits Adjudication: ITAT Pune
Interest on delayed remittance of TDS not deductible as business expense u/s. 37(1)
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.
