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 Mumbai Upheld MAT Liability Despite Prior SICA Status Due to Positive Net Worth
Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
ITAT Orders Fresh Verification After Lack of Evidence on Loan Creditworthiness
ITAT Allows Civil, Plumbing & Electrical Costs as Acquisition Cost; Disallows Unrelated Travel Expenses
Section 263 Revision Quashed as Capital Gains Must Reflect Only Real Income
Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Penalty Deleted as Incorrect Carry-Forward Loss Claim was Bona Fide Error: ITAT Chandigarh
Reassessment Quashed – Section 151 Approval Held Mechanical; No Application of Mind by PCIT
Addition Deleted as Clerical Mistake Doesn’t Overrule Substantive Evidence
Quashed Reassessment: Borrowed Info & Sec 151 Approval Invalid
Notional Claims Against CPRPL Cannot Substitute Real Accrual for Tax
Madras HC Quashes Income Tax SCNs, Notes Active Email Use; Imposes ₹50,000 Cost
Invalid 153C Satisfaction Note – No Nexus Between Seized Diary & Assessee; Addition Deleted
Defective Affidavit Leads to Dismissal of 317-Day Late Appeal
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.
