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.
Section 69A Addition Deleted as Cash Deposits Proven Through Books
Dealer Trip Expenses Accrued & Supported by Evidence; Disallowance Deleted by ITAT Nagpur
ITAT Orders Fresh Verification on Cash Deposits and Property Purchase Additions
Bribe Money Not Enforceable Debt, Acquittal in Section 138 Upheld by Madras HC
Demonetization period cash deposit addition not sustained as SOP in CBDT instruction No. 3/2017 not followed
ITAT Declines to Condon 2590-Day Appeal Delay After Failure to Show Valid Reasons
Taxation of Cryptocurrencies and Virtual Digital Assets (VDAs) for AY 2026-27
Bombay HC Rejects Challenge to Tax Order Due to Availability of Alternate Remedy
Bombay HC Condones Delay in Filing Form 10 Due to CA’s Inadvertent Error
Borrowed Funds Interest Not Eligible for Deduction Without Commercial Expediency: Karnataka HC
Gujarat HC Rejects Revenue Appeal for Misclassifying Interest Income as Other Source
Section 12AB Registration Denial Set Aside Due to Lack of Proper Opportunity
Sports Trust’s Charitable Status Sent Back for Review Due to SC’s AUDA Interpretation
ITAT Allows leave encashment benefit u/s 10(10A) for service with Govt undertaking prior to restructuring
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.
