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.
Reopening Quashed – Reasons Based on Wrong Facts Mechanical 151 Approval; Rule-27 Legal Ground Allowed
Commission Rationalised to 0.40% on Sales/Purchases & 0.50% on Loans by ITAT Mumbai
Selective Treatment of LTCG vs STCG Rejected: ₹53.24 Lakh Addition Deleted
Ex-Parte CIT(A) Order Set Aside – Advance Rent Reconciliation to Be Examined Afresh
Appeal Restored as Email Mismatch Led to Non-Compliance and Ex-Parte CIT(A) Order
Capital Gains Recomputed Using ₹50,000/Bigha for Co-Owner Consistency
Penny Stock Allegations Rejected: ₹1.25 Cr & ₹1.53 Lakh Additions Deleted
Low Income of Investors Cannot Trigger Section 68 Addition: ₹3.32 Cr Deleted
ITAT Kolkata Allows 30% Deduction on Warehousing Lease Income
ITAT Deletes ₹1.59 Crore Section 68 Addition Despite Non-Appearance of Creditors
TDS Disallowance Verification Remanded After Non-Communication of Notices
The IT Ecosystem of India Is Non-Democratic: A Critical Legal Analysis
Pre-Deposit Must Include Protest Payments: SC Clarifies MVAT Rule
Rebate Allowed as No Statutory Exclusion in Section 87A for LTCG: ITAT Chennai
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.
