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.
ITAT Mumbai Reduces 100% Bogus Purchase Addition to Nominal GP Difference
No Question of Law in GP Estimation: Bombay HC
Black Money Act Penalty Discretionary, Not Mandatory: ITAT Mumbai
Subsequent SC Ruling Not Grounds for ITAT Rectification: Bombay HC
Delay in 80G Registration Due to Portal Glitches Condoned by ITAT Mumbai
Assessment Based on Nonexistent Case Law Quashed: Bombay HC Warns Against Blind AI Reliance
Madras HC Grants Interim Relief to Charitable Trust in Form 10B Delay Condonation Case
Best Judgment u/s 144 & 8% Profit Estimation in Poultry Case Set Aside for Fresh Hearing
Gifts from Sisters Held Genuine – Section 68 Can’t Tax Natural Love and Affection
ITAT Pune Upholds Additions on Demonetisation Cash & GP Estimation – Liquor Trader’s Appeal Dismissed
Revised Return After Detection Not Voluntary – ITAT Upholds 200% Misreporting Penalty
Penny Stock Gains Upheld as Genuine – ITAT Quashes Reopening for Lack of Fresh Material
Tax on rental income of vacant flat was limited to Municipal Value
Cash Deposits During Demonetisation from Accounted Sales Cannot Be Taxed Again: ITAT Bangalore
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.
