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.
8% Estimated Income Remanded: NFAC Ignored Co-Terminous Powers Mandate
ITAT Rajkot: Interest on Enhanced Compensation Forms Part of Land Value; ₹94.81 Lakh Addition Deleted
ITAT Mumbai Upholds 3% Profit Addition on Bogus Purchases; Full Disallowance Rejected
Redeposit of Earlier Withdrawals Accepted- ITAT Ahmedabad Deletes ₹17.63 Lakh Demonetization Addition
ITAT Guwahati Deletes ₹1.75 Cr Cash Deposit Addition & Quashes 263 Revision
ITAT Ahmedabad Deletes Deemed Rent on 5 Flats: Accepts Genuine Vacancy Claim but Upholds Addition on Office Property
Reassessment on Wound-Up Foreign FPI Held Void: ITAT Quashes ₹456 Cr Addition
Valuation Dispute: ITAT Quashes Penalty U/S 271(1)(c) as Addition Was Solely Based on Estimate
Assessment on Deceased Person Annulled: ITAT Quashes ₹1.73 Cr Addition
ITAT Ahmedabad Restores Section 35(1)(ii) Donation Deduction Appeal for Fresh Hearing
ITAT Ahmedabad Restores Bogus LTCG Addition on Penny Stock ‘Safal Herbs’
VAT vs. Books Difference: ITAT Deletes Purchase Disallowance on ITC Reversal
Dead Firm, Live Notice: ITAT Rajkot Quashes Reassessment Against Non-Existent Entity
Invocation of rule 8D impermissible without recording non-satisfaction in terms of section 14A(2)
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.
