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.
JAO cannot issue Section 148 notices when faceless mechanism applies: AP HC
Revision Fails: PCIT Cannot Invoke 263 Without Making the Very Enquiry He Says AO Missed
Appeal Rejected Due to 300-Day Delay: Tribunal Refuses to Entertain 80P Deduction Claim
Appeal Dismissed Because Assessee Opted for Fresh De-Novo Assessment Before AO
Audit Rules Under Presumptive Taxation Scheme: IT Act 1961 vs IT Act 2025
Under-Reporting Penalty- AO Didn’t Decide Form 68 in Time: ITAT Deletes 270A Penalty
Reassessment Quashed: Penny-Stock Gains Fully Disclosed, No Evidence of Bogus Deals
ITAT Hyderabad Deletes ₹17.55 Lakh Penalty: No Under-Reporting in Accepted 148 Return
Delhi ITAT Upholds TDS Demand on EDC Payments to HUDA: Section 194C Applicable
Addition Deleted as Books Cannot Be Rejected Without Specific Defects: ITAT Hyderabad
Reassessment Quashed for Being Time-Barred: ITAT Holds 148 Notice Beyond Six-Year Limit
Delhi ITAT Quashes Reopening Based on Mere Audit Objection: No New Material to Invoke Section 147
Limitation Starts From Service, Not From Convenience – CIT(A) Directed to Reconsider 42-Day Delay
Non-Application of Mind Invalidates Section 148A & 148 Notices: SC Upholds HC Decision
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.
