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.

Income Tax Settlement Application Rejection Doesn’t Block Merit-Based Assessment Challenge: SC

Income Tax Appeal Remanded Due to Lack of Reasoned Order by CIT(A)

ITAT Delhi quashes reassessment Due to Unsigned Section 151 Approval

Bank Interest Held Eligible for 80P Relief Due to Absence of Jurisdictional HC Ruling

ITAT Delhi deletes Protective Additions Due to Absence of Substantive Assessment

Section 54F Deduction Denied Due to Lack of Proof of Property Ownership

Protective Additions Must Be Evidence-Backed: ITAT Deletes Foreign Account Claim

Section 80P Deduction Allowed on Bank Interest Amid Conflicting HC Views

Unexplained Income Addition Deleted for Properly Documented Gifts from Relatives

Section 69A Addition Confirmed by ITAT for Unsubstantiated Cash Deposits

No Reasonable Cause: ITAT Quashes Appeal Against Section 271B Audit Penalty

Demonetization Addition Cut from ₹78L to ₹7L; 115BBE Rate Applied Prospectively

Does Section 115BAA Override LTCG Rates? ITAT Ruling Explained

Tribunal Dismisses Revenue Appeal Over Time-Barred Reassessment
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.
