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.
Capital Gain in case of Family-Owned Immovable Property or Plot of Land
Section 148 notice giving shorter filing period invalid, ITAT Raipur quashes reassessment
Land Conversion Into Stock-in-Trade Rejected, 10% Section 50C Relief Granted: ITAT Surat
ITAT Kolkata Upholds Deletion of Additions for Derivative Loss and Section 50C
Unrequired Additional Commissioner approval vitiates Section 143(3) assessment: ITAT Delhi
Section 153D approval invalid for survey assessment, ITAT Delhi quashes Section 143(3) order
Search before assessment requires Section 148 route, ITAT Delhi quashes Section 143(3) order
Section 80G Rejection Set Aside for No Show Cause Notice: Gujarat HC
Section 80G Approval Upheld Where Section 12AA Registration Remained Valid: Chhattisgarh HC
Section 12AA(3) Cancellation Cannot Rest Merely on Section 2(15) Proviso: Bombay HC
Bonus Shares Retain Capital Character Unless Converted Into Stock-in-Trade: Bombay HC
Section 68 Share Capital Addition Deleted; Bogus Purchases Restricted to 5%: Mumbai ITAT
Asian Paints Dealer Trips, Colour Idea Stores & Incentives Allowed as Business Expenses
Incorrect 12A Registration Clause Cannot Alone Defeat Trust Application: ITAT Ahmedabad
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.
