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.

Bombay HC Grants Interim Relief from Coercive Recovery in Section 80P Deduction Dispute

ITAT Quashes Penalty for Defective Notice Issued Under Section 274 r.w.s. 271(1)(c)

ITAT Reduces Demonetization Addition from Rs. 3.88 lakhs to Rs. 6,000

ITAT Condones 972-Day Delay Citing Bona Fide Belief & Age of 71-Year-Old Assessee

ITAT Quashes 153C Assessments as Time-Barred: Six-Year Limitation Upheld

Delhi HC Restores Conviction for Delay in Depositing TDS — Financial Hardship Not a Valid Defence

Bombay HC Quashes Reassessment for approval from wrong authority

Disallowance for Pension Bond Interest Remanded Due to Wrong ITR Reporting

Section 54 Relief Upheld as Property Reinvestment Delay Beyond Assessee’s Control

No Room for Double Assessment: ITAT Deletes ₹45 Crore Bogus-Loss Addition

ITAT Delhi Rules Entertainment Tax Subsidy as Capital Receipt in PVR Ltd. Case

Interest on Income Tax Demand Starts After 30 Days of Valid Section 156 Notice

Updated 26AS Can’t Shift Income — ITAT Deletes Wrong-Year Addition

Common Area Maintenance Is a Contract — ITAT Again Says 194C, Not 194I, for PVR Inox
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.
