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.
Books Clean, Sales Matched — No Suspicion Without Evidence – Demon Cash Addition Not Sustainable
Loan Received, Interest Paid, Loan Repaid — ITAT Deletes Entire ₹50 Lakh Section 68 Addition
Loans for Capital Use, Payments via Bank — ITAT Upholds Full Relief on All Additions
Cash Withdrawn, Then Re-Deposited: ITAT Deletes ₹17.29 Lakh Addition as Fully Explained
CIT(A) Order Non-Speaking: ITAT Sends Reassessment Appeal Back for Fresh Decision
1,817-Day Delay Without Reason: ITAT Upholds Dismissal of Time-Barred Appeal
TP adjustment of bareboat charter hire fees deleted as benchmarking approach already accepted in earlier year
Order not providing reasons on functionality of comparable for transfer pricing adjustment cannot sustain
Disallowance u/s. 14A while computing book profit u/s. 115JB is not tenable
Amount already disclosed before Settlement Commission cannot be added against u/s. 68
Tax audit not required as turnover didn’t exceed prescribed limit: business loss allowed
CPC Exceeded Jurisdiction in Disallowing 80P Deduction for AY 2019–20: ITAT Hyderabad
ITAT Delhi Partly Deletes Demonetisation Cash Deposit Addition for Lack of Proper Inquiry
Settlement of Foreign Civil Litigation & Section 37(1) Disallowance: A Doctrinal Analysis
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.
