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.
Insight Portal Alert Not Enough: Tribunal Holds Section 147 Invalid Without Independent Inquiry
Reopening Quashed for Wrong Section 151 Approval: Tribunal Finds Jurisdictional Defect After 3 Years
Section 148 Notice Quashed as Change of Opinion; Section 68 Fails on Merits
No Selective Reading – AO Cannot Cherry-Pick Loss-Only Trades: ITAT Mumbai
ITAT Mumbai Upholds 3% Commission on Bogus Textile Turnover; Loan Issue Remanded
High Share Premium With Weak Financials: ITAT Confirms Share Premium Addition
No Seized Material, No 153A Addition: ₹1.34 Cr Penny-Stock Addition Quashed
ITAT Upholds Section 11 Rights Despite Belated Form 10B Correction
No Exempt Income Means No 14A: 270A Penalty Cannot Survive When Quantum Dies
ITAT Rejects Appeal Due to 115-Day Delay Despite Jurisdictional Challenge to u/s 148 Notice
Reassessment Restored for Fair Hearing; Penalties u/s 271(1)(b) & 271(1)(c) Deleted
Ex Parte Order Set Aside: Mumbai ITAT Restores Form-67 FTC Claim Appeal for Fresh Hearing
Unexplained Partner Capital Cannot Be Added to Firm’s Income: ITAT Hyderabad
Incorrect Clause Selection Only Technical: ITAT Orders Fresh Section 12A Consideration
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.
