Income Tax
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Additions under Section 69C Unsustainable When Source of Expense Is Explained

Bombay HC condones Delay in Filing Form 10B Due to Genuine Hardship

Assessment Order Void When Issued to Non-Existent Merged Entity: ITAT Mumbai

ITAT Deletes TP Adjustment as Intra-Group Services Not Stewardship Activity

Madras HC Upheld Ex Parte Reassessment Order Due to Non-Response to Notice

ITAT Mumbai Allows Exemption for Code-Sharing Income under Article 8 of India-USA DTAA

Income from Nursery and Tissue Culture is Agricultural: ITAT Bangalore

Property Attachment Must Be Lifted After Income Tax Appeals Finalised: Madras HC

Rejection of Section 80G Approval Without Hearing Held Invalid by ITAT Ahmedabad

Bonus Shares Not Taxable as Income: Madras High Court

Changing Tax Landscape of Buybacks in India

ITAT Chennai Allows Agricultural Income Claim Despite No Receipts

Exemption u/s. 11/12 granted based on proviso to section 12A(2)

Only Profit on Bogus Purchases Taxable – Full Disallowance Unjustified: ITAT Mumbai
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.
