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 Delhi: Sales Commission Not Taxable—No PE, No Business Connection
Share Capital Call-Money ₹2.10 Cr Deletion u/s 68; ITAT Upholds Genuineness
Bogus Sub-Contractor Additions Deleted; 132(4) Statements Insufficient
Reopening of assessment cannot be based on change of opinion
Protective Addition of ₹14.91 Cr u/s 69 Struck Down Due to Invalid u/s 153C Jurisdiction
ITAT Clarifies Pre-2023 Loan Rules, u/s 68 & 40(a)(ia), Major Additions Deleted
Captive Power Market Value, Section 80-IA, Must Follow SEB’s Consumer Tariff
Group ITSC Findings Cannot Be Applied, U/s 153A, Subsidiary Protected
Digitalization of Capital Gains Account Scheme (CGAS) !!!
Bogus Purchase Addition Remanded as CIT(A) Ignored Books and Evidence
80JJAA Deduction Allowed in Later 154 Order; Earlier Appeal Becomes Infructuous
Penalty u/s 271(1)(c) Cannot Survive When Quantum Itself Is Remanded
AO Cannot Replace DCF with NAV Simply Due to Projection Variances
Deduction u/s 80-O was allowable on Overseas Advisory Services rendered from India
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.
