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 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
ITAT Allows Full 54EC Relief Because Investments Were in Two Financial Years, 54F Claim Denied Because Joint Ownership Counts as Second House
Section 54F Deduction Allowed as Joint Ownership Not Treated as Full Ownership
Exemption Denied for Second Flat Under Section 54F Due to Single-Unit Rule
Demand Stayed as Tribunal Found Prima Facie Case on Section 54 Claim
ITAT Mumbai Upholds Deletion of ₹5.85 Cr 40A(3) Addition on Meat Purchases
No LTCG Claim, No Penny-Stock Benefit: ITAT Mumbai Deletes Addition & Allows Appeal
Bogus Purchases from Five Hawala Suppliers: ITAT Delhi Restricts Profit Estimation to 8%
Double Taxation Not Permitted: ITAT Mumbai Deletes 2% Estimated Profit Added in Hands of Partnership Firm
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.
