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 Invalid Where Income is Determined on Presumptive Basis: ITAT Mumbai
Only 30% Disallowance Permissible Under Amended Section 40(a)(ia) for non deduction of TDS
Genuine Hardship Justifies 338-Day Delay in Form 10 Filing: Bombay HC
Expense Disallowance Reduced to 10% of Turnover Due to High Estimation
Is It Necessary To File Return of Income If There Is No Taxable Income?
PCIT Cannot Order Roving Enquiries Without Proving AO’s View Was Erroneous: ITAT Quashes 263 Order
Asset received for testing purpose not taxable u/s. 28(iv) as there is no benefit on use of such asset
Addition set aside as Percentage of Completion Method on real estate accounting duly followed ICAI guidelines
CIT(A) Ignored Evidence on Record – Non-Speaking Order Set Aside
Beyond the Deadline: Reassessment Quashed Following SC’s Rajeev Bansal Ruling
Section 271AAB Penalty Not Automatic Without Incriminating Material: ITAT Indore
Consolidated Satisfaction Note Invalidates Search Assessment; 153C Proceedings Quashed
ITAT Upholds ₹80.42 Lakh Cash Addition; 17 Contributors Story Rejected as Improbable
Unexplained Money: ₹6.90 Lakh Addition u/s 68 Deleted as Cash Belonged to Seven Legal Heirs
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.
