#income tax act 1961
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Income Tax
Income Tax
No One-to-One Matching Needed for Bank Deposits When Sources Are Verified – Adhoc Cash Deposit Addition deleted
Income Tax
Income Tax
Entire Forex Turnover Cannot Be Taxed Without Verification: ITAT Mumbai
Income Tax
Income Tax
80G Cannot Be Denied Merely Because One Object Seems Religious – ITAT Says Check 5% Rule & Facts Properly
Income Tax
Income Tax
Section 10(34)/(35) Exemption Allowed Despite Sec. 11 Denial: ITAT Mumbai
Income Tax
Income Tax
Section 194IC Applies to Leasehold Land in JDA, but Developer May Avoid Default if Tax Paid
Income Tax
Income Tax
ITAT Mumbai upholds penny-stock loss as genuine – Revenue’s addition deleted
Income Tax
Income Tax
ITAT Delhi: Cash of ₹3.11 Cr found in locker is NOT “unexplained” – treated as speculative/business income, Section 69A & 115BBE deleted
Income Tax
Income Tax
AO Can’t Cry ‘SBN Violation’ to Tax Genuine Sales – Demonetisation or Not – Once Sales Are in the Books, You Can’t Tax the Cash Twice
Income Tax
Income Tax
Addition upheld by CIT(A) without passing speaking order is not justifiable: Matter restored
Income Tax
Income Tax
ITAT Delhi delivers a two-fold relief – quashes reassessment as void for lack of jurisdiction & grants full Section 54F exemption even where houses are constructed in son’s name
Income Tax
Income Tax
ITAT Chennai restricts addition on cash deposits – Treats assessee as commission agent, estimates income at 4% instead of taxing entire deposits
Income Tax
Income Tax
ITAT Upholds 100% Penalty on Confirmed Additions Past-Loss Adjustment Irrelevant for 271(1)(c)- Substantial Justice for Delay, No Relief on Merits
Income Tax
Income Tax
Revised Return No Bar to Full 244A Interest Entitlement – Refund Interest to Run from 1 April 2017-up to Date of Refund Draft Issue
Income Tax
Income Tax
Notice u/s 148 After 3 Years Needs Pr.CCIT Approval – ITAT Says Sanction by Pr.CIT Invalid, Reopening Quashed
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.
