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.
Bogus LTCG Allegation Fails: Insight Portal Input Alone Can’t Justify Reopening or Addition
₹18 Crore Unsecured Loan & Purchase Addition Set Aside for Lack of Proper Inquiry
Partner’s Capital Introduction Cannot Be Taxed in Firm’s Hands – Section 68 Addition Deleted
No Automatic TDS Liability on EDC Payments Without Proper Fact Finding
Section 153C Addition Quashed for No Incriminating Material Found
PCIT Cannot Invoke Section 263 for Mere Technical Lapse
Turnover Mismatch vis-à-vis TCS Data Invites 263: Lack of Enquiry by AO Proves Fatal
NFAC Order Quashed for Failing to Decide Appeal on Merits
Multiple Opportunities Ignored: ITAT Declines to Exercise Discretion
Mechanical Rejection of Section 12AB Application Set Aside by ITAT
CIT(A) Directed to Reassess Appeal After Ex-Parte Dismissal
Section 145A Cannot Be Used to Inflate Profits: ₹38.26 Lakh Addition Deleted
ITAT Confirms Tax Relief for Co-operative Society on Bank Interest
ITAT Mumbai Deletes Section 41(1) Addition Where Liability Not Ceased
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.
