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.
ITAT Hyderabad quashes final TP assessment as time-barred despite DRP directions
Delay in Filing Appeals Condoned Despite Massive Additions and Penalty
Capital Gains Addition Set Aside for Denial of Fair Opportunity
Estimated Gross Profit Addition Collapses When Excess Stock Is Not Proved
Special vs General: Time Limit Conflict between Section 144C(13) and Section 153 of Income Tax Act, 1961
Crucial Rule 46A evidence can’t be ignored: ITAT Agra remands section 68 addition
Delay in u/s 80G Renewal Excused Where Prior Approval Was Granted Late
Profit Mismatch Between Audit Report and Return Validly Revised
Twin Conditions of Section 263 Not Met, Revision Order Set Aside
ITAT Rejects Business Parlance Test in Section 56 Application
DRP Route Cannot Extend Statutory Time Limit Under Section 153
Proportionate Method Applied to Partly Accept Agricultural Income
Appeal Dismissed Because Mere Assertion Cannot Prove Agricultural Income
Section 153A cannot apply to years without incriminating material: Bombay HC
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.
