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.
No Independent Enquiry, No Addition: ITAT Sets Aside ₹5.50 Lakh u/s 69A
VSV Form-3 Without Payment Doesn’t Bar Appeal: ITAT Mumbai Deletes ₹7.65 Lakh Demonetisation Addition
Statutory Appeals Demand Merit Review: ITAT Corrects NFAC Approach
NFAC Can’t Summarily Dismiss Without Merits: ₹5.71 Crore Assessment Sent Back for Fresh Appeal
Section 263 Quashed: CIT Cannot Revisit Issues Already Examined by AO
Appeal Delay Condoned Because Police Proceedings Are a Valid Reason for delay
Bad Debt Write-Off Not an ‘Incorrect Claim’ for Section 143(1) Adjustment
Chronic Delay Condoned with Cost: Appeals Revived & Remanded for Decision on Merits
Presumptive Taxation Applied Because Business Receipts Can’t Be Fully Treated as Unexplained
Cash Deposits Can’t Be Treated as Unexplained Without Rejecting Books
893-Day Delay Condoned; Cash Deposits Can’t Be Split Arbitrarily – Profit Estimated at 6%
Addition Remanded Due to Lack of Proper Opportunity
Reopening Quashed Due to Total Non-Application of Mind
Interest on Enhanced Land Acquisition Compensation Taxable u/s 56(2)(viii)
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.
