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 Upholds Development Expenses: Why ‘Mitti Bharai’ is Not Exaggerated Deduction in LTCG
Demonetisation Cash Deposit Accepted for Petrol Pump Sales: Why ₹1.53 Cr Addition was Deleted
One Omnibus 153D Approval for Multiple Years Assessees Is Illegal – ITAT Strikes Down Entire Block of Assessments
Loan Between Companies- Both Conditions Must Apply! ITAT Clarifies 2(22)(e) & Grants Relief
Right to DVO Valuation Ignored – ITAT Sends Case Back for DVO Valuation
Police Canteen Wins – ₹32 Cr Activity Still Not ‘Business’- No Tax Audit Needed Under Mutuality Principle
Sec 270A Penalty Invalidated: AO Failed to Specify Misreporting Clause
Unexplained Investment U/S 69A: ITAT Remands Plot Purchase Addition for Factual Verification
TDR Sale Bank Credits: ITAT Rejects Books, Applies 12% Profit Rate
Bogus Entry Addition Deleted: ITAT Voids ₹78 Lakh Addition U/S 68 Due to Genuineness Established in Precedent Cases
Department Knew the Assessee Was Dead – Still Issued Notice! Tribunal Strikes Down Reopening
One House, One 54 Claim: ITAT Quashes 263 Revision on Floor-Wise Sale of Residential Property
Notice Issued but Explanation Ignored – ITAT Sends 263 Back to PCIT- Speaking Order Mandatory
Share Valuation Already Verified- Once AO Examines Accepts, 263 Cannot Reopen
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.
