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.
Late filing of audit report doesn’t disentitle trust from benefit of exemption u/s. 11
Appeal Against Section 143(1) Intimation Not Barred by Regular Assessment
ITAT Delhi Cuts Bogus Purchase Addition to 15% & Upholds 153C Jurisdiction
Unaccounted commission addition without corroborative evidence is not sustainable
Revenue’s Capital Gain Estimation Deleted for Ignoring Co-Owners’ Accepted Costs
Security deposit is actually sale consideration and is merely used as devise to postpone tax liability
Delay in filing cross-objection condoned and Tribunal directed to hear cross-objection
Cash Loan Fully Explained, ₹10 Lakh Addition Deleted by ITAT
Tribunal Restores Full TDS Credit of ₹37 Lakh to Employee
ITAT Partly Allows Appeal on Section 36(1)(va) Expenses
No 143(2) Needed in Search Cases; NP Rate Recast & Loan Issue Partly Restored
Unverified Third-Party Evidence Cannot Support Tax Additions, ITAT Rules
ITAT Restores Corpus-Donation Dispute: Non-Speaking Order Set Aside for Fresh Adjudication
Penalty Deleted Because 115JB MAT Does Not Apply to Certain Banks
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.
