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.
Religious Wording Alone Doesn’t Make a Trust Religious; 5% Tolerance Limit Must Be Verified
CPC Can’t Deny 80IE Deduction Without Intimation; Late Form 10CCB Filing Before Assessment Held Valid
CPC Cannot Deny Section 115BAB Tax Rate Without Hearing: ITAT Ahmedabad
Provision for Salary Arrears Held Allowable When Made Pursuant to Court Order: ITAT Guwahati
Commission from Marketing Members’ Produce Eligible for 80P Deduction: ITAT Delhi
Section 69A/69B: Excel noting retracted statements cannot justify additions – ITAT Mumbai
Cash Deposits for Clients Not Assessee’s Own Funds: Section 69A Inapplicable
No Section 271(1)(c) Penalty on Estimated Presumptive Additions
ITAT Deletes LTCG Addition as “Human Probability” Can’t Replace Evidence
Reassessment Quashed for Addition Based on Retracted Search Statements & missing DIN
NFAC Order Set Aside for Ignoring Written Submissions & Failure to Record Reasons
No Second Guessing AO’s Judgment – ITAT Nullifies PCIT’s 263 Revision as Overreach
PCIT’s 263 Revision Quashed – AO’s Enquiry on Goodwill, Warranty & CSR Found Proper
Non-Compliance with Earlier ITAT Directions – Matter Remanded Again to AO for Verification of Deductees
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.
