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.
Section 56(2)(vii)(b) Addition Overturned for Earlier Property Booking
Revenue’s Section 68 Challenge Rejected on Evidence and Repayment
Advance Loss Treated as Trading Loss: ITAT Allows ₹1.5 Cr Write-Off
Finance Broker Taxed Only on Brokerage as No Evidence of Income Found
Section 68 Addition Quashed for Violating Principles of Natural Justice
Unexplained Cash Credit Addition Deleted Due to Complete Loan Evidence
Format Matters: ITAT Says Invalid 143(2) Notice Vitiates Whole Proceedings
ITAT Rules No TDS Default, No Disallowance on Expenses- Presumption Isn’t Proof
Uncorroborated 132(4) Statement Can’t Tax a Genuine Donation
Appeals Restored Because CIT(A) Ignored Request to Avoid Email Notices
Cash Deposit Before Loan Cannot Trigger Section 68 in Borrower’s Case
Excise Incentive Treated as Capital Receipt Because Purpose Was Industrial Development
Capital Gain Proven with Full Documentation; Section 69A/69C Additions Deleted
No Cash Trail and Retracted 132(4) Statements – Section 68 Addition Deleted
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.
