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.
Addition towards demonetization cash deposit deleted as made out of cash sales
Deduction u/s. 80IB(10) not eligible in absence of evidence substantiating development of eligible project
Addition u/s. 68 set aside as AO nowhere proved involvement in price rigging of scrips
Bogus Purchase Addition Quashed: ITAT Rules Inactive GST Status Alone Not Enough
Limitation under rule 68B did not apply to RDDB act proceedings
Reopening Beyond Four Years Invalid as Non-Filing of Form 3CL Not Material Non-Disclosure
Cash Deposit Addition Invalid When Source Is Fully Explained with Documentary Proof
ITAT Deletes Interest Disallowance After Revenue Accepts Loan Genuineness
Voluntary TP Adjustment under APA Eligible for 10AA Deduction: Karnataka HC
Order Passed Beyond 3-Month Limit under Section 153(5) is Invalid: Karnataka HC
Faceless Regime Prevails: Reassessment by Jurisdictional AO Held Void
Suspicion Cannot Replace Proof: ITAT Mumbai Quashes ₹5.10 Cr Demonetisation Addition
Routine Group Support Not FTS or Royalty: ITAT Mumbai Grants ₹109.7 Cr Relief
CSR Expenditure/donations: Intricacies under Income Tax Act, 1961
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.
