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.
HRA Deduction for Salaried Persons Under the New Tax Regime
Appeal Restored Due to Sufficient Cause Arising from Mismanagement Proceedings
Addition Deleted Because Property Purchases Were Proven as Stock-in-Trade, Not Unexplained Investment
Delay Condoned Because Temple Believed Income Was Exempt Under Section 10(23BBA)
Delay Explained by Technical Glitch Must Be Referred to CBDT for 80G Approval
Condonation of 87 Day Delay – ITAT Favors Substantial Justice in TDS Mismatch Dispute
Addition Deleted for Lack of Benchmarking: ITAT Rejects Arbitrary TP Adjustments
Chandigarh ITAT Quashes Reopening as Notice u/s 148 Issued by JAO Instead of FAO
Appeal Dismissed Without Merits: ITAT Remands Case for Fresh Assessment
Tax Penalty Cancelled After Tribunal Accepts Declared Income
Entire TDS credit on maturity of bond allowed as interest income offered to tax on accrual basis
Cancellation of registration u/s. 12AA without satisfying conditions u/s. 12AB(4)(ii) not justifiable
Development charges paid to SIPCOT allowed as revenue expense by deduction 5% every year
Reopening Beyond Four Years Without New Material Invalid: Gujarat HC Quashes Section 148 Notice
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.
