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.
Exemption Under Section 54F Allowed for Multiple Flats by Madras HC
Section 80HHC Granted as Exporters Below ₹10 Crore Must Be Treated Same as Large Exporters
No Firm, No Assessment: ITAT Mumbai Strikes Down 147 on Dissolved Partnership
No Section 270A Penalty When Cess Claim Made in Good Faith and Withdrawn Post-Amendment
Turnover Understatement Without Books Rejection Still Allows Estimation
Assessment Reopening Quashed Due to Defective Reasons and Roving Inquiry
ITAT Upholds Cash Basis Accounting for Duty Drawback Against AO Addition
Stamp Duty vs RR Value Confusion: ITAT Remands ₹75.33L Addition
Interest Income Deduction Denial Reviewed: Section 263 Jurisdiction in Cooperative Societies
ITAT Protects Assessee’s Right to Present Evidence in ₹6.41 Cr Cash Case
Time-Barred Notices Under Section 148 Lead to Quashing of Assessments
Pre-Existence MOU Invalidates Transport Claim: ITAT Upholds Disallowance
Mistaken TAR Upload Costs Assessee – But ITAT Gives Fresh Chance to Prove Facts
AO’s Purchase + Sale Formula Rejected: Reassessment Sent Back for Proper Inquiry
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.
