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.
Ad-Hoc Addition Deleted for Lack of Defects: ITAT Rejects ₹50 Lakh Estimate
When Professional Negligence Meets Harsh Limitation – ITAT Steps In to Protect Assessee
ITAT Orders Re-Examination of FTC Denial Due to Form 67 Mistake
Double Taxation Prevented: Tribunal Deletes Addition as Cash Sales Already Recorded
Consistent Withdrawal Pattern Valid Source – Section 69A & 115BBE Addition Deleted
Commission-Based Business Proven: Tribunal Rejects Section 44AD and Upholds 5% Profit Rate
₹3.32 Cr 69A Addition Remanded as Legal Grounds Not Examined
ITAT Confirms Banks Exempt from MAT, Deletes ₹305.49 Cr Penalty
ITAT Cuts Additions from Rs.13.91 Lakh to Rs.1.39 Lakh Using 10% Estimate
Section 271(1)(c) Penalty Deleted as Additions Based Only on Differing Interpretation
Tribunal Restores Section 12A Exemption Despite CPC’s Technical Objection
Amount paid before due date of return not supposed to be disallowed under section 43B
Delay Condoned Due to non-receipt of communication & Case Remanded for Fresh Hearing
Rural Land Claim Fails – ITAT Confirms Rs. 2.92 Cr LTCG Addition
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.
