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.
AP HC Quashes Reassessment Notices Issued Outside Faceless Scheme – JAOs Lack Jurisdiction Under Section 151A
Housing Society Interest from Co-op Bank Eligible for 80P(2)(d) Deduction: ITAT Mumbai
System Logic Can’t Override Statute: ITAT Allows 87A Rebate on STCG u/s 111A
ITAT Upholds Retailer’s Explanation for Cash Deposits – Addition Cut from ₹1.50 Cr to ₹5 Lakh
Addition on Alleged Inflated Purchases Based Solely on Third-party Data Deleted
Bogus Sales Profit Addition Remanded: CIT(A) Failed to Pass Speaking Order
Appeal Delay Condoned: Accountant’s Email Error Caused Non-Compliance
Bank Passbook Not ‘Book of Account’; Section 68 Addition Invalid, Rules ITAT
₹32 Lakh Cash Addition Confirmed as M-Pesa “Conduit” Claim Lacked Proof
Reassessment Invalid for Change of Opinion on 54F Claim – ITAT Quashes ₹1.63 Cr LTCG Addition
Ex-Parte Appeal Order Set Aside After Assessee Learns of Ruling via Penalty Notice
ITAT Voids NFAC Order Passed Against Deceased Taxpayer Without Hearing Legal Heir
Influence of Indian Tax Laws on Determination of Fees in Religious Institutions
ITAT Remands Case 1% Commission on ₹44.5 Cr Conduit Deals for Fresh Verification
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.
