#income tax act 1961
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Reopening Quashed as Original Reason for 147 Fails – No Other Additions Can Survive

Inordinate Delay in Satisfaction Note Invalidates Section 153C Notice: Gujarat HC

JAO cannot issue Section 148 notices when faceless mechanism applies: AP HC

Audit Rules Under Presumptive Taxation Scheme: IT Act 1961 vs IT Act 2025

Reassessment Quashed: Penny-Stock Gains Fully Disclosed, No Evidence of Bogus Deals

ITAT Hyderabad Deletes ₹17.55 Lakh Penalty: No Under-Reporting in Accepted 148 Return

Writ Petition Not Maintainable in Penalty Proceedings with Factual Disputes

Reassessment Quashed for Missing 143(2) Notice and Ignoring Valid Return

Section 264 Revision Cannot Be Denied on Technicalities for Elderly Alzheimer’s Patient

ITAT Cannot Uphold Section 263 Revision on Grounds Not Raised by Commissioner: Kerala HC

TCS not collectable on compounding fees recovered from illegal miners

Loss not speculative when shares were acquired on conversion of partly convertible debentures

₹101 Crore Penalty Put on Hold for Being Passed During Pending Assessment Appeal

Genuine Misunderstanding of VRS Exemption Not “Under-Reporting”
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.
