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 Confirms U/s 263 Revision for Unexamined U/s 80G Donation
Reassessment u/s. 148 quashed as name of petitioner doesn’t appear in seized material
Revision proceeding u/s. 263 quashed as AO has taken plausible view
Amended Reassessment Provisions Cannot Reopen Years Already Barred Under Old Law
Slump Sale Depreciation Depends on Consideration Paid, Not Seller’s Book Values: SC
Seller’s Settlement Admissions Don’t Defeat Slump sale Buyer’s Depreciation Claim: Gujarat HC
Successive Reassessment Notices Valid Under Same ‘Reasons to Believe’: Delhi HC
Full Section 54F Exemption Allowed for Joint Purchase Where Assessee Funded Entire Cost: ITAT Jaipur
P&H HC quashes Section 148 Notice for issue by JAO instead of FAO
Calcutta HC dismissed revenue’s appeal due to Low Tax Effect in Share Capital Addition Case
No Section 271(1)(c) Penalty for Unsubstantiated Portion of Section 54F Deduction: ITAT Chennai
Reassessment Proceedings Quashed for Ignoring Algorithm-Based Allocation Requirement
Reassessment Remanded for Fresh Hearing Due to Non-Adjudication on Merits of Section 50C issue
Revenue Appeal Dismissed by HC as Bogus Purchase Addition Became Pure Estimation Issue
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.
