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 Clarifies: Working Capital Adjustment May Nullify Interest Addition
Disallowance Invalid as Negative Capital Stemmed from Non-Cash Adjustment
Tribunal Rejects Reopening Triggered by Irrelevant Information
When Quantum Dies, Penalty Dies – HC Appeal Without Stay Cannot Save Penalty
Section 153C Time-Bar Checkmate: AYs Beyond 10 Years Cannot Be Touched
Demonetization Cash Explained – Withdrawals of ₹47 Lakh Save Assessee
Revenue’s Appeal Dismissed as Year Falls Beyond 10-Year 153A Scope
Section 69A Cash Deposit Dispute Reopened Due to Missing Agriculture Evidence
No Return, Ex-Parte Heavy U/s 69A Addition – But Lack of Hearing Saves Assessee at ITAT
Reimbursement of Forex Loss Not Taxable Due to Capital Nature
AO Cannot Blow Hot & Cold—TDR Allowed; Penalty Deleted; Interest Disallowance Gone
Discounts Not Capital Outlay: Tribunal Rejects Intangible Asset Theory
Assessment Quashed Due to Unsigned Notices Under Sections 148/148A
CIT(A) Passed Order After Assessee’s Death—Violation of Natural Justice; Matter Remanded for Fresh Hearing
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.
