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.
Notional Interest on Interest-Free Advances Rejected Under Real Income Theory
Insufficient Activity Details Require Clarification, Not Straight Rejection
TP Issue Remanded for Limited Verification, Appeal Allowed for Statistical Purposes
Share Valuation Under Section 56(2)(viia) Set Aside for Mechanical Approach
Interest on trade receivables to be computed by applying LIBOR based rate
Tribunal Flags Error in Applying Section 14A to Non-Yielding Investments
Unsigned Appeal Not Maintainable: ITAT Mumbai Dismisses Case, Allows Recall
Scrutiny Assessment Set Aside Due to Invalid 143(2) Notice
Section 68 Addition Deleted After Investors Prove Identity, Genuineness and Creditworthiness
Penalty Deleted as Cash Sale Consideration at Registration Held Outside Section 269SS
No Book Rejection, No Adhoc Profit: ITAT Mumbai Deletes 1% Closing Stock Addition
Cash Sale Consideration Before Sub-Registrar Not Hit by Section 269SS: ITAT Hyderabad
Reopening of Assessment Invalid Where Investor Not Linked to Alleged Sham Transactions
Delay Condoned ≠ Merits Heard: ITAT Mumbai Remands Faceless Appeal for Fresh Adjudication
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.
