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.
Gains from legal transaction emanating from illegal act would be construed as proceeds of crime
Mechanical Approval Under Repealed Section Invalidates Reopening: ITAT Delhi
Transfer Pricing: Large Turnover Companies Not Comparable to Captive Units: ITAT Bangalore
Bogus Purchase: ITAT Quashes 271(1)(c) Penalty as Specific Limb not Mentioned
Extrapolation cannot be done to assume income without any cogent material
CBDT Grants Section 35 Research Approval to Hari Shankar Singhania Elastomer & Tyre Research Institute
Income Disclosure Does Not Prevent Benami Proceedings: Kerala HC
Addition of ₹5.48 Lakh brokerage income was upheld and seized records reflected mock trading which was not unexplained income
Denial of exemption u/s 10(34) and 10(35) for dividend and mutual fund income by invoking Sections 13(1)(d) and 13(2)(h) was unjustified
ITAT Delhi Remands ₹61 Lakh Property Addition – Additional Evidence Admitted Under Rule 29
Identity Proved, Genuineness Unclear: ITAT Remands ₹50 Lakh Loan Case to AO
Gift from Brother-in-Law Not Taxable despite absence of deed: ITAT Kolkata
Section 271(1)(c) Penalty Deleted, No Substantial Question of Law: Bombay HC
Direct Tax Collections Rise 7% to ₹12.92 Lakh Crore in FY 2025-26
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.
