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 Bangalore Restores Assessment as Low Profit & Cash Deposits Need Fresh Verification
Section 153C: Block Period to Be Counted from Date of Material Receipt, Not Date of Search
No Enduring Benefit in Routine Telecom Expenses: ₹169 Cr Customer Acquisition Cost allowed
Typo Triggered ₹7.86 Cr Addition: Return Remanded for Re-Examination
ITAT Mumbai Quashes 263 Orders: No Incriminating Material to Revisit 80IC Claim U/s. 153A
Valuing unsold scrips at market value and taxing not sustained as unrealized gain cannot be taxed
Payments to Partner NGOs is Application of Income: ₹1.89 Cr Addition Deleted by ITAT Delhi
₹6.88 Crore Additions Invalid as Reassessment Void Without 143(2) Notice: ITAT Delhi
Industrial Incentives for Kutch and TUF Subsidy Not Taxable: ITAT Clarifies Capital Nature
ITAT Delhi Upholds Dealer Foreign Tour Expense as Genuine Business Promotion
Deduction u/s. 43B allowed to the extent relevant evidences are furnished
AO Must Apply Three-Year Gross Profit Instead of Treating Sales as Bogus: ITAT Delhi
Reassessment based on direction of CIT(A) post period prescribed u/s. 149 cannot be sustained
Reopening u/s. 147 justified as third party statement is substantiated with tangible material
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.
