#income tax act 1961
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Income Tax
Income Tax
Deduction u/s. 35(1)(ii) denied as donation given to trust whose approval got expired
Income Tax
Income Tax
Belated but Bona Fide: ITAT Deletes Penalty on Capital Gain Claim- When Deduction is Valid, Penalty is Invalid
Income Tax
Income Tax
RFCTLARR Act Wins: Section 56(2)(viii) Shown the Door- When Land Is Exempt, Interest Also Is – ITAT Schools Revenue
Income Tax
Income Tax
Deduction Calculation Basis: HC Clarifies 5% Fee Applies to Actual Receipts, Not Gross Bills
Income Tax
Income Tax
Search Assessments u/s 153A was quashed as mechanical and composite approval u/s 153D amounted to non-compliance
Income Tax
Income Tax
ITAT Ahmedabad Allows Depreciation on Amalgamation Goodwill for AY 2016-17
Income Tax
Income Tax
Faceless Reassessments Must Stay Faceless: Karnataka HC quashes AO Issued Notices
Income Tax
Income Tax
No Plot, No Profit, Still Taxed :When AO Shoots the Wrong Person: Middleman Dragged into 56(2)(ix) Tax Trap
Income Tax
Income Tax
ITAT Ahmedabad deletes ₹8.80 Cr penalty u/s 271G – Mere “improper benchmarking” is NOT a default under 92D(3)
Income Tax
Income Tax
Procedural Justice: ITAT Restores Appeal Dismissed for Missing Statement of Facts, Mandates Merits Adjudication
Income Tax
Income Tax
Interconnect usage and roaming charges paid to FTO are not royalty hence not taxable in India
Income Tax
Income Tax
Penalty towards breach of contract cannot be disallowed under Explanation to Section 37(1)
Income Tax
Income Tax
Notice u/s. 143(2) issued by non-jurisdictional officer is unwarranted: ITAT Delhi
Income Tax
Income Tax
Addition towards unsecured loan sustained as three ingredients u/s. 68 not established
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.
