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.
Cash credits recorded in book attract Section 68 even under presumptive taxation
Delay in EPF/ESIC Deposit Attracts Disallowance Even in 143(1) Processing: ITAT Delhi
AO Must Share Information and Pass Speaking Order: Allahabad HC
CIT(A) Cannot Dismiss Income Tax Appeal Merely for Non-Appearance: Kerala HC
ITAT Upholds Addition for Bogus LTCG from Penny Stocks
ITAT Delhi Quashes Assessment for Mechanical Approval Under Section 153D
ITAT Quashes PCIT’s Revision as AO’s View on Survey Income Was Plausible & Verified
ITAT Chandigarh Cuts Unexplained Cash Addition to ₹2.5 Lakh, Accepts Part Agricultural, Dairy Income
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
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.
