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 271(1)(c) Penalty Appeal Requires Fresh Hearing After NFAC Order
ITAT Faults CIT(A) for Ignoring Proof Against 69A ‘Unaccounted Sales’ Charge
Tribunal Deletes ₹10.84 Cr Addition: Proper Sale Proceeds Ignored, Verified Loans Misread
TP Adjustment Partly Set Aside: Incorrect Filters, Wrong Comparables & Netting-Off Reassessed
Assessment Order Set Aside; Procedural Lapse on DRP Intimation Held Curable
ITAT Deletes ₹2.5 Cr Addition After Verifying Loan Trail; Penalty u/s 271(1)(c) Reconsidered
PF/ESI Paid After Statutory Due Date Not Deductible, Sectiom 143(1)(a) Adjustment Sustained
Product-Owning Companies Excluded from TP Analysis: Tribunal Refines Comparable Selection
Section 271(1)(c) Penalty Unsustainable for Genuine Accounting Entries
Matter Remanded – Reason: CIT(A) Abdicated Jurisdiction by Merely Endorsing DVO’s Report
No Downward Adjustment Under 80IA Because CPP Transfer Valued Using SEB Consumer Tariff
Failure to Consider Evidence Cannot Deny Section 54F/54EC Benefits: ITAT Mumbai
SCN With One-Day Deadline Invalid: ITAT Condoned Delay Arising from Husband’s Death
AO Cannot Replace Evidence with Online Estimates: Tribunal Deletes Agricultural Income Addition
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.
