#income tax act 1961
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Reassessment Based on Third-Party Data Without Nexus is Invalid: Gujarat HC

Writ Maintainable for Limitation & Jurisdiction Errors in Section 148A(d) Orders: Sikkim HC

Genuine Hardship Justifies 338-Day Delay in Form 10 Filing: Bombay HC

Section 194-IA TDS Not Triggered for Partial Ownership Below ₹50 Lakh

SC to Decide Trust’s Eligibility for Income Tax Exemption on Community-Based Welfare

Concessional Section 115BAA Tax Rate Allowed Due to Timely Filing of Form 10-IC

PF/ESI 36(1)(va) Disallowance under 143(1) Set Aside – ITAT Remands Matter to AO After Accepting Revised Tax Audit Report

Assessment Remand Without Deciding Validity Objections Declared Improper

Cash Loan Fully Explained, ₹10 Lakh Addition Deleted by ITAT

Penalty Deleted Because 115JB MAT Does Not Apply to Certain Banks

CIT(A) Cannot Dismiss Appeal for Non Prosecution – Matter Remanded for Fresh Adjudication

ITAT Cuts Demonetisation Addition After Finding Books Reliable

Delay Condoned Because Temple Believed Income Was Exempt Under Section 10(23BBA)

Development charges paid to SIPCOT allowed as revenue expense by deduction 5% every year
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.
