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.
Portal Silence Can’t Kill Appeal: ITAT Delhi Orders Condonation of 321-Day Delay in Faceless Regime
Higher Depreciation Restored as 143(1) Can’t Decide Debatable Claims
Depreciation Can’t Be Denied on Suspicion After MAP Resolution
TP Adjustment Deleted as INR-Denominated CCD Interest Must Follow PLR
ITAT Chennai Condones 45-Day Delay; NFAC Cannot Reject Appeal In-Limine When Cause Is Reasonable
Section 263 Revision Unwarranted After Due Inquiry; Revenue Appeal Dismissed
Loss on Loan-to-Equity Conversion Allowed as Business Loss to Bank: ITAT Mumbai
Milk Procurement Incidental to Charitable Object; Section 11 Exemption Allowed
Amended Section 115BBE Rate Not Applicable Retrospectively on Section 69A Addition
Difference of Opinion Not Enough to Invoke Revisionary Jurisdiction: ITAT Mumbai
Assessment Order Quashed as Proceedings Continued After Death Without Notice to Legal Heirs
Section 80P Deduction Allowed as Co-operative Bank Treated as Co-operative Society
Income Tax Assessment Quashed Due to Manual Signature in E-Proceedings: ITAT Delhi
Refusal to Condone 13 day COVID Delay in Return Quashed for Non-Application of Mind
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.
