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.
ITAT Cannot Uphold Section 263 Revision on Grounds Not Raised by Commissioner: Kerala HC
Allahabad HC Admits Appeals on Alleged Benami Property and Cash Seizure
Reopening Quashed for Lack of Disclosure Failure
Cash Withdrawals Cover Deposits; No Mapping Needed & CIT(A) Cannot Enhance Without Notice
Delhi ITAT Holds Sec.50C Inapplicable to Buyer; Repayment of Loans Quells Sec.68 Doubts—Additions Deleted
Preponderance of Probability Not Enough—Share Transactions Genuine, Section 68 Addition Deleted
Suspicion Not Evidence: ITAT Strikes Down Addition Based on “Average Cash Deposit” Theory
TCS not collectable on compounding fees recovered from illegal miners
Reopening on Wrong Reason Quashed: ITAT Deletes Section 68 Addition
ITAT Rules Exemption Cannot Be Denied for Curable Form 10B Defect
Loss not speculative when shares were acquired on conversion of partly convertible debentures
Demonetisation Cash Deposits Not Unexplained: ₹45 Lakh Addition Deleted
No question of denying exemption u/s. 11 since there is no retention of income
TP Adjustment Under 80IA(10) Dismissed for Lack of Evidence
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.
