#income tax act 1961
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Reopening u/s. 148 beyond 3 years based on approval u/s. 151 from Pr. CIT is invalid

Wrong Sanction, Dead Reopening: Delhi ITAT Quashes 148A(d) Order for AY 2017-18

Karta of a HUF: The Pivot of Authority under Hindu and Tax Law

Income from Accommodation Entries Restricted to 8% on Estimation Basis

Blending With Huf: Tax Without Relief

Notional Interest on Interest-Free Advances Rejected Under Real Income Theory

Insufficient Activity Details Require Clarification, Not Straight Rejection

Milk Procurement Incidental to Charitable Object; Section 11 Exemption Allowed

Refusal to Condone 13 day COVID Delay in Return Quashed for Non-Application of Mind

Section 10A Deduction Allowed as New STP Unit Not Formed by Splitting Up: Bombay HC

Reopening notice u/s. 148 issued after surviving period is time-barred and hence set aside

ITAT doesn’t have jurisdiction to review its earlier order rectification petition u/s. 254(2)

Additions Quashed for Being Based Solely on Section 133A Survey Statement: Chhattisgarh HC

No Section 153A Addition if no Incriminating Material Found in Search: Bombay HC
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.
