#income tax act 1961
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Set-Off of Short-Term Capital Loss Cannot Be Denied When Allowed in Identical Cases: Bombay HC

Income Tax Refunds on Hold: Advisory or Indirect Pressure?

Income Tax Email on Foreign Assets: What It Means & What to Do

Deduction u/s 36(1)(viii) Limited to Profits from Long-Term Finance: SC

Refund Claim on Hold – New Risk Management Alert from Income Tax Department (AY 2025-26)

TDS not deductible on interest paid to senior citizen based on Form 15H, hence Bank not assessee in default

Failure to Prove Cash Source Justifies Addition Under Section 69A: ITAT Hyderabad

SC Dismisses Reopening Challenge as Mere Change of Opinion Without Fresh Material

Section 264 Relief Cannot Be Denied Merely Due to Pending SC Issue: Delhi HC

Addition u/s. 68 based on certain statement not sustained as documentary evidence not considered

Revenue Appeal Dismissed as No Substantial Question of Law in Transfer Pricing Dispute

Licence Fee & Goodwill Payment Allowed as Business Expense Since Not Prohibited by Law

Gross Receipts Taxed Without Expense Deduction: Demand Stayed by Bombay HC

Delay in Revised Income Tax Return Condoned Due to Audit Error & Pandemic Disruption
Explore the latest income tax act 1961 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
