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.
Section 43B Disallowance for unpaid GST/Service Tax Invalid if not claimed in P&L
Business Loss of ₹7.66 Cr from NSEL Suspension was allowable as bad debt u/s 36(1)(vii)
SC directs consideration of Charitable Status as per AUDA Judgment
Section 148 Notice Issued After Limitation Quashed by Karnataka High Court
Delay in 80G Application Can Be Condoned Under Amended Law: ITAT Chennai
ITAT Allows Belated 80G Application to Be Considered Under Amended Clause (iv)(B)
Reassessment Notices Quashed as Beyond Scope of Section 151A: Karnataka HC
Reassessment under Section 153A Invalid Without Incriminating Material: Karnataka HC
Leave Encashment Exemption Limit Hiked to ₹25 Lakh: Case Remanded for Fresh Review
Entire Purchase Can’t Be Disallowed as Bogus When Sales Are Accepted: ITAT Chennai
TDS on NRI Property Purchase: Form 26A Proof Can Shield Buyer from Default u/s 201
Reopening Invalid If Section 148 Notice Issued Before Formal Sanction: ITAT Kolkata
Mechanical Acceptance of Return: ITAT Upholds Section Revision in Liquor Trader’s Case
Ex-parte Section 68 Additions of ₹3.07 Cr Set Aside: ITAT Permits Additional Evidence
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.
