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.
Mixed Funds Presumption Saves Interest Disallowance; Loans u/s 68 Found Genuine – ITAT Mumbai
No Defect in Books, No Section 68 Addition: Relief on Demonetisation Cash Deposits
Donor Not Liable for Party’s Omission: Section 80GGC Deduction Allowed
Political Donation Deduction Allowed as Donor Proved Payment via Bank Channel
Demonetisation Cash Deposit Genuine: AO Cannot Reject Accepted Petrol Pump Sales
Failure to Follow Rule 46A Procedure Leads to Remand: Tribunal Allows Appeal for Statistical Purposes
143(1) Intimation Beyond 9-Month Limit Void – ITAT Quashes CPC’s Adjustment
Notice u/s 148 Issued Beyond ‘Surviving Time’ Quashed: ITAT Follows Rajeev Bansal (SC)
No Change in Shareholding: ITAT Delhi Allows Carry Forward of Losses
Delay of 563 Days in Appeal Condoned Due to Change in Management: ITAT Delhi
Payments under Regional Service Agreement Not Royalty – ITAT Mumbai Rules in Favour of BCD Travel (Singapore)
Anonymous Donations Exempt Because Trust Proven as Religious & Charitable: ITAT Kolkata
Penalty u/s 271AAB Deleted – ITAT Jaipur Rules Notice Defective & Income Not ‘Undisclosed’
AO’s Mechanical Satisfaction under Rule 8D Invalid – ITAT Deletes ₹3.65 Cr 14A Disallowance
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.
