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.
Understanding Interest Under the Income Tax Act: How It’s Calculated and Why It Matters
Banking Business Allowed: ITAT Confirms Amortization and Standard Asset Provisions are Deductible
Technical Win for Revenue, Substance Win for Taxpayer: ITAT Restores Deductions on Merits
Taxpayer Wins Penalty Appeal: Full Disclosure Exempts International Tax Addition from Section 270A
PF Contribution Delay Excused: Doctrine of Impossibility Overrides Rigid Tax Rule
Search Assessment Additions Deleted: ITAT Voids High-Pitched Estimates Without Evidence Reason
Trade Promotion is Genuine Charity: ITAT Rejects Section 2(15) Proviso on Cost Recovery Reason
54B Exemption Denied Review: CIT(A) Ordered to Examine Revenue Records and Crop Details Reason
PF/ESI Disallowance: Checkmate Ruling Applies Retrospectively, ITAT Confirms Reason
Addition by AO u/s. 143(3) r.w.s. 263 doesn’t survive as order passed u/s. 263 quashed
Matter remanded as evidence proving financial capability of partners for capital contribution produced
Documentary evidences to prove cash deposit due to family settlement to be submitted: Matter restored
Deduction u/s. 35(1)(ii) denied as donation given to trust whose approval got expired
No penalty u/s. 271D in absence of violation of section 269SS
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.
