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.
Partial Relief on Cash Deposits – ITAT Agra Accepts Loan Recovery & Past Savings as Explained Sources
Reassessment Notices beyond Limitation – ITAT Delhi Quashes Proceedings
FTC Cannot Be Denied If Form 67 Filed late but Before Assessment Completion
ITAT Deletes ₹2 Lakh Demonetisation Cash Addition Citing CBDT Instruction
Condonation of 447-day delay by Income Tax Dept in filing appeal against acquittal was allowed in tax evasion case
Registration u/s. 12A r.w.s 12AB granted as genuineness of activity of trust established
Payment towards bandwidth services cannot be characterized as royalty under India-UAE DTAA
Jurisdictional objection after one month of service of notice u/s. 143(2) is not tenable
No addition u/s. 153A for unabated year be made without incriminating material
Lower of book loss or unabsorbed depreciation to be set off against book profits as per section 115JB
No deemed dividend addition u/s. 2(22)(e) as no loan advanced in current year
Charitable Exemption Upheld: AO Must Accept Valuer Report If DVO Reference Not Made
Section 271B Penalty Automatically Lapses When quantum assessment set aside
Addition u/s. 68 quashed as evidences establishing identity, creditworthiness and genuineness not invalidated
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.
