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.
Prospective 2022 Amendment Saves Assessee – 14A Knocked Out No Exempt Income, No 14A
ITAT Rules 148 Notice Void Due to Wrong Authority’s Approval in Reopening After 4 Years
Assessment on Dissolved Firm Upheld for Failure to Explain ₹25 Lakh Cash Deposit
Disallowance Based on Suspicion Rejected: ITAT Allows ₹1.95 Cr Interest Claim
Binding Directions Not Optional: ITAT Pulls Up AO for Ignoring 10A Mandate
Jurisdictional Misfire -Wrong Sanction Sinks Reopening: PCIT Approval Not Enough Beyond 3 Years
Exemption u/s. 10(38) eligible only on LTCG from transfer of equity shares and units of equity oriented mutual funds
Initiation of penalty proceedings u/s. 271(1)(c) without specifying limb is bad-in-law
ITAT justified in accepting addition ground of validity of reassessment in terms of rule 27 of ITAT Rules
ITAT Deletes Additions Based on Third-Party Digital Data Due to Lack of Evidence
Section 148 Notice Quashed for Not Following Faceless Procedure
Bombay HC Quashes Reassessment Notices for Non-Compliance with Faceless Procedure
Reassessment Notice Quashed for Bypassing Mandatory Faceless Procedure
Section 54/54F Deductions Denied on Joint Ownership in Capital Gains Case
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.
