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.
Wrong ITAT Bench Chosen: Appeal Dismissed for Lack of Jurisdiction
Assessment barred by limitation as court order doesn’t contain any finding/ direction as contemplated u/s. 153(6)
SC settles Section 44C debate: Even ‘exclusive’ HO expenses for Indian branches hit by 5% cap
Revenue Appeal Rejected for Lack of Substantial Question in Transfer Pricing Dispute on Intra-Group Services
Section 153C cannot be applied or invoked against searched person: Karnataka HC
Third-Party Statement Alone Can’t Sustain ₹63.75 Lakh Addition: ITAT Ahmedabad
Application u/s. 80G inadvertently considered as application u/s. 12AB: Matter restored
ITAT Allows Additional Evidence in ₹1.11 Cr Cash Deposit Case of Widow
Internal Director Disputes Not ‘Genuine Hardship’ for ITR Filing Delay: Delhi HC
Section 271(1)(c) Penalty Proceedings Failed Because Levy Exceeded Scope of Notice
Section 153A Assessment Restored Because Appeal Was Decided Ex Parte
Rs. 4.55 Crore Addition Invalid as Bogus Purchases Were Recorded in Books: ITAT Delhi
SC Upholds Quashing of Reassessments for Sanction Under Wrong Provision
Bombay HC Quashed Reassessment Notices Due to Invalid Sanction Under Wrong Provision
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.
