#income tax act 1961
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On-Money Addition Reduced by 70% as Only Profit Element is Taxable: ITAT Rajkot

PCIT Revision Quashed as Allowing 80G Deduction on CSR is a Plausible View

Stay Rejected for Non-Payment of 20% Demand: Madras HC Upholds CBDT Guidelines

Delhi HC Quashes Reassessment Based on New Grounds Not Mentioned in 148A(b) Notice

DDIT(Inv.) Lacked Jurisdiction Beyond ₹5 Lakh Limit – Only Regular AO Can Levy Higher Penalty under BMA

Search Assessments Must Rely on Seized Material, Not Fishing Expeditions – Additions Quashed

ITAT Delhi Quashes ₹20.33 Cr Penalty for Invalid Omnibus 271(1)(c) Notice

ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary

Family Settlement: Concept, Scope & Relevance under Income-Tax Law

KSCAA Seeks Parity in ITR Due Date Extension for Transfer Pricing Assessees

Land Sale Proceeds Justify Demonetisation Cash Deposits: ITAT Deletes ₹1.28 Cr Tax Addition

Typo Can’t Deny Charity: ITAT Pune Restores 80G Application Rejected for Technical Delay

TDS on Commission Does Not Mean Expense Belongs to Assessee: ITAT Indore

Survey Disclosure Taxable as Business Income If Linked to Regular Operations: ITAT Bangalore
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.
