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.
Section 144 Assessment Quashed for Failure to Issue Mandatory Section 143(2) Notice
CSR Donations Eligible for Section 80G Deduction Despite Section 37 Disallowance: ITAT Pune
Reassessment Quashed As AO issuing notice lacked Jurisdiction Over Non-Resident
SC Dismisses Reopening as Basis Vanishes After Acceptance in Later Years
Foreign Exchange Loss Allowable as Liability Recognised Under Mercantile Accounting: ITAT Delhi
Multiple Opportunities Ignored, Yet ITAT Surat Grants Final Hearing Chance
ITAT Mumbai Quashes Reopening Beyond 3 Years for Sanction by Wrong Authority
Failure to Scrutinise Exempt LTCG from Penny Stock Justifies Section 263 Action: ITAT Surat
Cancellation of Trust 12A Registration Set Aside for Violation of Natural Justice
Charitable Status of Alumni Association Upheld as Education & Aid to Poor Were Core Objects
Cash Deposit Addition Deleted as Bank Withdrawals Explained Deposit Source: ITAT Kolkata
Section 10A Deduction Allowed as New STP Unit Not Formed by Splitting Up: Bombay HC
Reopening notice u/s. 148 issued after surviving period is time-barred and hence set aside
ITAT doesn’t have jurisdiction to review its earlier order rectification petition u/s. 254(2)
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.
