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 Deletes ₹5.73 Crore Section 68 Addition for Proved Loan Genuineness
Section 69A Addition Invalid When Based Only on undated Third-Party Loose Papers
ITAT Jaipur Allows Higher Leave Encashment Exemption of ₹25 Lakh with Retrospective Effect
Exemption u/s 11 allowed & Penalty u/s 270A deleted – Registration u/s 12AA granted with retrospective effect
ITAT Ahmedabad deletes ₹8.80 Cr penalty u/s 271G – Mere “improper benchmarking” is NOT a default under 92D(3)
Procedural Justice: ITAT Restores Appeal Dismissed for Missing Statement of Facts, Mandates Merits Adjudication
Unexplained expenditure addition based on suspicion without independent enquiry cannot be sustained
Interconnect usage and roaming charges paid to FTO are not royalty hence not taxable in India
Section 68 Addition Not Justified for Loan Before Business Commencement: ITAT Jaipur
MTD for Income Tax: The Next Big Step by HMRC
Agricultural Income Accepted, Yet Taxed? ITAT Ranchi Deletes Addition After Village Certificate Confirms Farming Activities
AO Turns Interior Designer Without DVO – Tribunal Says Nice Try, But No
Time-Barred Penalty: ITAT Hyderabad Quashes 270A Order Passed Six Months Beyond Section 275(1)(c) Deadline
One More Chance-But Pay ₹10,000- ITAT Ranchi Restores Appeal with Cost for Non-Cooperation
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.
