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.
Addition Partly Deleted as Section 69A Cannot Apply to Mere Documents Found in Search
NFAC deletion of ₹52.68 Cr addition u/s 50CA on start-up share transfer upheld by Tribunal
Contractual Late Delivery Charges Not Penalty, Reopening Without New Material invalid
Revision Upheld for Failure to Examine Capital Gains on Urban Land Sale
Cash Deposits During Demonetisation Accepted as Genuine; Addition Deleted
ITAT Deletes Additions for Partner Capital/Interest Due to Lack of Enquiry
Entire Foreign Tax Credit allowed inspite of NIL taxability on account of 10A exemption
Section 69A Addition Deleted: AO Must Prove Cash Deposit Isn’t Sale Consideration
Section 263 Set Aside for Relying on Uncorroborated Dumb Documents From Third-Party Search
Section 270A penalty cannot survive if underlying quantum addition is deleted
No Satisfaction, No Penalty: ITAT Delhi Quashes 271DA Penalty
ITAT Deletes Section 68 Addition for Recorded Business Cash Deposits during Demonetisation
Penalty on Estimated Income Cannot Stand: ITAT Dehradun Deletes 271(1)(c) Levy Partly
Reassessment proceedings initiated with approval from wrong authority is invalid: ITAT Delhi
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.
