#income tax act 1961
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Sale of undertaking as going concern constitutes slump sale hence section 41(2) doesn’t apply

Finance Act 2025: Key Tax Updates for Middle-Class Taxpayers

Income Tax Refund Cannot Be Withheld Without Valid Tax Demand: Calcutta HC

Mere Absence of Directors at AO Summons Does Not Invalidate Share Premium: Calcutta HC

Income Tax Settlement Application Rejection Doesn’t Block Merit-Based Assessment Challenge: SC

Recent Income Tax Changes Affecting Salaried Individuals, Professionals & Businesses

Faceless Regime Not Exclusive: Delhi HC Confirms JAO’s Power to Issue 148 Notices

Section 148A(b) Notice Invalid as It Was for mere Inquiry: Gujarat HC

Madras HC Upholds Income Tax Search After Finding Valid Reason to Believe

Reopening of assessment cannot be based on change of opinion

CIT(A)’s Jewellery Reconciliation Upheld: Unexplained Investment u/s 69 Deleted

ITC and Retrospective Cancellation of GST Registration

Delay in Filing Form 10B Attributable to CA Oversight Condoned by Bombay HC

Bombay HC Confirms Legitimacy of Foreign Gifts in Income Tax Assessment
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.
