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 68 Addition Deleted: ITAT Rejects Addition Based Solely on Retracted Survey Statement
Corpus Donations Cannot Be Taxed If Written Direction Exists: ITAT Mumbai
Reopening Barred by Limitation: ITAT Quashes 148 Notice for AY 2015-16 Post-TOLA
ITAT Bangalore Grants Full 80P Deduction to Yedapadavu Vyavasaya Sahakara Sangha
Statements recorded during survey have no evidentiary value unless corroborated by material evidence
Reassessment Quashed: ITAT Invalidates Reopening Beyond 4 Years Without Material Non-Disclosure
ITAT Kolkata: 2581-Day Appeal Filing Delay Condoned – Matter remanded to AO with ₹25,000 cost
Ex Parte Order Set Aside: ITAT Remands Case with Rs.50,000 Cost for Non-Compliance
Demonetization Cash Deposit: ITAT Remands Addition Due to Lack of Proper Inquiry
Unexplained investment in house upheld – Loans from relatives not proved: ITAT Delhi
Ex-parte Assessment Set Aside for Fresh Adjudication: ITAT Upholds CIT(A)’s Power u/s 251(1)(a)
Capital Balance Explained Through Earlier Year’s ITR: ITAT Agra deletes Addition
Black Diary Notings Held Dumb & Reconciled: ITAT Mumbai Deletes ₹7.23 Cr Additions
Reassessment Invalid If No Addition on Original Reason: ITAT Jaipur
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.
