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.
Repayment Breaks the 68 Chain: ITAT Mumbai Deletes ₹1 Cr Loan Addition
Inter-corporate Funding for Business Needs Cannot Trigger Deemed Dividend
Penalty Deleted as 14A Addition Removed: Tribunal Finds No Basis for 270A Levy
Severe Handicap, Wrong Advice Ex-Parte Orders – ITAT Restores Cash-Deposit Case to AO
ITAT Protects Assessee’s Rights: ₹2.19 Cr Addition Reassessed
Form 10B Filed Before Due Date: ITAT Allows Section 11 Exemption
ITAT Rectifies Overestimated Income: ₹6.59Cr Addition Slashed Drastically
Section 56(2)(viib) Addition Unsustainable Due to Improper Rejection of DCF
Search-Based Penalties Collapsed: Additions Were Only Disallowances, Not Undisclosed Income
No Proof of Mala Fide Conduct – Appeal Referred Back to CIT(A)
Registration u/s. 12A r.w.s. 12AB rejected as exorbitant fees being charged by educational institutes
Communication Gap in Faceless Regime: ITAT Sends Matter Back to CIT(A)
Part of commission income cannot be taxed when deduction u/s. 80P allowed for other part
Bank-Routed Agricultural Expenditure Not Unexplained Under Section 69C
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.
