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.
Banks Can Compute 36(1)(viia) on Total Income Including Capital Gains: ITAT Ahmedabad
Directors’ Cash Deposits Not Taxable in Company Hands: ITAT Deletes ₹10.5 Lakh Addition
Delayed Form 10B Filing Not Fatal: ITAT Remands Exemption Case
Section 271(1)(c) Penalty Invalid Due to Ambiguous Satisfaction Recorded by AO
No Inquiry, No Jurisdiction: PCIT Revision Under Section 263 Invalid
Bogus Purchases: Only 2% Profit Taxable Due to Accepted Sale
Addition Set Aside Because Crypto Trades Cannot Be Assumed Without Bank Evidence
Revision Barred After VSV Settlement: ITAT Rules Section 263 Cannot Reopen Concluded Disputes
Land Acquisition Act Section 28 Interest is Not ‘Interest’: Tribunal Deletes Entire Addition as Capital Receipt
PAN Mismatch Is Not Enough: Tribunal Orders Verification Before Treating Bank Deposits as Unexplained
Misapplied Circular 19/2017: Commercial Transaction Ignored – Tribunal Remands 2(22)(e) Addition
Approval Granted as Fundraising Kathas Not ‘Religious Purpose’: Tribunal Clarifies u/s 80G Eligibility
West Bengal Income Tax Filings Show Steady Growth
Assessment Void as AO Finalized Without DVO Report: ITAT Ahmedabad
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.
