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.
CIT(A) Ignored Merits – ITAT Restores Appeal on Bogus Agri Income & 14A Issues
Section 148 on Dead Person: ITAT Quashes Reopening & Entire Assessment as Void
Section 68 Addition of ₹3 Cr Deleted – Loan from RBI-Registered NBFC Held Genuine
Delay Condoned & Ex-Parte NFAC Order Quashed: ITAT Sends Appeal Back
Notice Issued to Dead Person: ITAT Sends 148 Jurisdiction Issue Back to CIT(A)
Unsecured loan addition u/s. 68 quashed as identity, genuineness and creditworthiness proved
ITAT Pulls Back ₹30.76 Crore Bullion Addition Over Supplier Verification Lapses
Survey-Based 68 Addition: ITAT Restores Appeal After Ex-Parte NFAC Order
Scope of 12AA Is Limited: Tribunal Quashes Rejection Based on Vehicle Use and Capitation Fee Claims
Event Income Within 20% Limit, Section 11 Exemption Allowed by ITAT
Only First 142(1) Default Penalizable: ITAT Slashes Penalty and Sends Other Issues Back
Criminal prosecution quashed as ITAT rejected allegation of concealment during penalty proceeding
Bogus Purchase Disallowance Limited to 6% Due to Genuine Sales
ITAT Orders Fresh Hearing After Non-Speaking CIT(A) Order in Reopening Case
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.
