income tax act 1961

Assessing Remedies: A Comparative Analysis of Appeals and Revisions for Taxpayers Under Income Tax Act, 1961

Income Tax - Explore remedies for taxpayers under the Income Tax Act, 1961, comparing appeals & revisions. Understand procedures, limitations & implications for equitable tax dispute resolution....

Indian Taxation System: Comprehensive Analysis

Income Tax - Explore the Indian taxation system, including direct and indirect taxes, their characteristics, advantages, and disadvantages, providing insights into the nation's fiscal framework....

Eligibility and process of Registration of section 8 company

Income Tax - Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization....

Section 43B(h) of Income Tax Act, 1961 and MSMED Act, 2006

Income Tax - Explore the Section 43B(h) amendment of the Income Tax Act, its link with the MSMED Act, and the implications for timely payments to micro and small enterprises....

Whether Automation has helped either Income Tax Assessees or Department

Income Tax - Explore the effects of automation on taxpayers and the Income Tax Department. Discover the challenges, benefits, and areas for improvement in this detailed analysis....

Guide to Responding to Income Tax Notices: e-Verification Scheme 2021

Income Tax - Learn how to effectively respond to income tax notices and letters under the e-Verification Scheme 2021. Complete guide for taxpayers with step-by-step instructions...

Live webinar – Solution to Serious Tax Problems – Hindi

Income Tax - Discover a solution to serious tax problems in India in Hindi. Join our live webinar to learn about the 12 types of taxes and how to improve tax collections....

Exemption of Income Tax for Dairy Cooperative Society

Income Tax - Learn about the Income Tax Act exemptions for dairy cooperative societies and other relief measures introduced by the Ministry of Fisheries, Animal Husbandry & Dairying....

Faceless Tax Assessment: Impact, Benefits & Redressal Measures: Govt. Response

Income Tax - Explore the impact of faceless tax assessment, benefits, and government's steps to address taxpayer grievances. Get insights into tax collection trends....

Tax Payers In The Country

Income Tax - Explore the Ministry of Finance strategies to boost the number of taxpayers in India. Learn about initiatives like pre-filling tax returns and simplification of tax processes....

Order passed u/s 144(C)(1) of Income Tax Act to be construed as draft assessment order only: Madras HC

Ramco Cements Limited Vs ITO (Madras High Court) - Madras High Court rules that any order under Sec 144(C)(1) must be a draft assessment; detailed analysis of Ramco Cements Ltd. vs ITO case provided....

No Section 80IC deduction if Audit was not completed on or before filing ITR

Securico Electronics India Ltd Vs ACIT (ITAT Delhi) - Securico Electronics vs. ACIT: ITAT Delhi disallows Rs.33,97,998 80IC deduction due to late Form 10CCB filing. Full text analysis & conclusion....

ITAT Delhi quashes reassessment initiated by AO on incorrect facts

Shri Anuj Chaudhary Vs ITO (ITAT Delhi) - ITAT Delhi quashes reassessment initiated by AO on incorrect facts. Full text analysis of Shri Anuj Chaudhary vs ITO case for AY 2009-10....

DCIT Vs Hindustan Thermal EPC: No Disallowance for Business Loss – ITAT Delhi

DCIT Vs Hindustan Thermal EPC Company Pvt Ltd (ITAT Delhi) - ITAT Delhi rules in favor of Hindustan Thermal EPC, disallowance of expenses deleted, detailed analysis of the case....

Interest on TDS not allowable expenditure: ITAT Delhi

India Flysafe Aviation Ltd. Vs DCIT (ITAT Delhi) - ITAT Pune remands Sanj Sawali Care Foundation's 80G exemption application to CIT(E) for reevaluation after failure to produce documentary evidence. Details here....

CBDT approves ‘National Forensic Sciences University, Gandhinagar’ under section 35 

Notification No. 31/2024-Income Tax; [S.O. 1326(E)] - (13/03/2024) - Explore the latest notification from the Ministry of Finance, Department of Revenue, regarding Income Tax Act provisions for 'National Forensic Sciences University, Gandhinagar....

CBDT approves Sardar Vallabhbhai National Institute of Technology for Scientific Research

Notification No. 30/2024-Income Tax, [S.O. 1325(E).] - (13/03/2024) - Notification No. 30/2024-Income Tax approves Sardar Vallabhbhai National Institute of Technology, Surat for scientific research under Income-tax Act, 1961....

CBDT Clarifies Provisions for Charitable Donations & Application of Income

Circular No. 3/2024 - Income Tax - (06/03/2024) - Explore Circular No. 3/2024 by the Government of India, Ministry of Finance. Learn how Finance Act 2023 affects tax exemptions for charitable donations in the context of trusts and institutions....

Instructions to AO’s for initiating Section 147 proceedings in e-Verification cases

e-Verification Instruction No. 2 of 2024 - (01/03/2024) - Explore e-Verification Instruction No. 2 of 2024 from the Directorate of Income Tax (Systems). Detailed guidelines for AOs under IT Act, 1961 Section 147 in high-risk cases....

Income Tax Refund for AY 2021-22: Delayed Returns Processing

Order No. 225/132/2023/ITA-II - (01/03/2024) - Facing a delayed income tax refund for AY 2021-22 due to technical issues? The CBDT offers relief! Electronically filed returns with refunds can now be processed, even if past deadlines were missed. Learn more and claim your refund!...

Recent Posts in "income tax act 1961"

Assessing Remedies: A Comparative Analysis of Appeals and Revisions for Taxpayers Under Income Tax Act, 1961

Explore remedies for taxpayers under the Income Tax Act, 1961, comparing appeals & revisions. Understand procedures, limitations & implications for equitable tax dispute resolution....

Posted Under: Income Tax |

Indian Taxation System: Comprehensive Analysis

Explore the Indian taxation system, including direct and indirect taxes, their characteristics, advantages, and disadvantages, providing insights into the nation's fiscal framework....

Posted Under: Income Tax |

Order passed u/s 144(C)(1) of Income Tax Act to be construed as draft assessment order only: Madras HC

Ramco Cements Limited Vs ITO (Madras High Court)

Madras High Court rules that any order under Sec 144(C)(1) must be a draft assessment; detailed analysis of Ramco Cements Ltd. vs ITO case provided....

No Section 80IC deduction if Audit was not completed on or before filing ITR

Securico Electronics India Ltd Vs ACIT (ITAT Delhi)

Securico Electronics vs. ACIT: ITAT Delhi disallows Rs.33,97,998 80IC deduction due to late Form 10CCB filing. Full text analysis & conclusion....

ITAT Delhi quashes reassessment initiated by AO on incorrect facts

Shri Anuj Chaudhary Vs ITO (ITAT Delhi)

ITAT Delhi quashes reassessment initiated by AO on incorrect facts. Full text analysis of Shri Anuj Chaudhary vs ITO case for AY 2009-10....

DCIT Vs Hindustan Thermal EPC: No Disallowance for Business Loss – ITAT Delhi

DCIT Vs Hindustan Thermal EPC Company Pvt Ltd (ITAT Delhi)

ITAT Delhi rules in favor of Hindustan Thermal EPC, disallowance of expenses deleted, detailed analysis of the case....

Interest on TDS not allowable expenditure: ITAT Delhi

India Flysafe Aviation Ltd. Vs DCIT (ITAT Delhi)

ITAT Pune remands Sanj Sawali Care Foundation's 80G exemption application to CIT(E) for reevaluation after failure to produce documentary evidence. Details here....

Deduction u/s. 80IB(10) admissible only when return is furnished within due date specified u/s 139(1): ITAT Ahmedabad

DCIT Vs Umang Hiralal Thakkar (ITAT Ahmedabad)

Learn about the DCIT vs Umang Hiralal Thakkar case at ITAT Ahmedabad regarding filing returns under section 139(1) for claiming deduction under section 80IB. Get detailed insights and analysis....

Revisional jurisdiction u/s 263 rightly invoked as order passed without satisfying mandatory provisions of section 92CA: ITAT Mumbai

JP Morgan Chase Bank N.A J.P Morgan Tower Vs CIT (ITAT Mumbai)

ITAT Mumbai held that assessment order passed without satisfying mandatory provisions of section 92CA and CBDT instruction no. 3 of 2016 is order falling within the meaning of erroneous and prejudicial to the interest of revenue. Hence, revisional jurisdiction u/s. 263 of the Income Tax Act rightly invoked....

Eligibility and process of Registration of section 8 company

Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization....

Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (6,913)
Company Law (10,164)
Corporate Law (13,703)
Custom Duty (10,892)
DGFT (5,189)
Excise Duty (5,629)
Fema / RBI (5,797)
Finance (6,530)
Income Tax (50,047)
SEBI (5,365)
Service Tax (4,903)