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.
Typo Can’t Create a Bogus Creditor: ITAT Deletes Rs. 2.02 Cr Addition
Covid & Wrong Advice Justify Delay: ITAT Calls for De-Novo Hearing on 153A Assessment
ITAT Pune Allows LTCG Exemption After SEBI Revokes Penny Stock Findings
Common 153D Approval for Multiple Years Invalidates Entire Assessment: ITAT Allahabad
Reopening Quashed as Original Reason for 147 Fails – No Other Additions Can Survive
When AO Relies Blindly on Old Penny-Stock Data, Reopening Cannot Stand
Tribunal’s Fact-Based Remand Cannot Be Challenged Under Section 260A: Telangana HC
Sale of share treated as capital gain since no specific amount assigned towards non-compete fee
Late ITR Filing Permitted for Genuine Hardship from Rainfall Disruption & System Issues
Section 13(1)(b) Cannot Be Applied at Trust Registration Stage: ITAT Ahmedabad
Inordinate Delay in Satisfaction Note Invalidates Section 153C Notice: Gujarat HC
ITAT Orders Reconsideration of 80G Denial After 12AB Approval
100% Bogus Purchase Addition Restored by SC as Partial Disallowance Found Contrary to Section 69C
Change of Opinion Not 263: PCIT’s Roving Enquiry Direction Held Illegal
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.
