#income tax act 1961
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Form 15CB Filed, TDS Deposited & DTAA Followed – ITAT Deletes 201(1)/201(1A) Demand as No Default Exists

AO Accepted Agri Income in Next Year but Denied in Earlier Year Without Logic – ITAT Deletes Addition as CIT(A) Adopted “Whims & Fancies”!

PAN Cannot Override Legal Ownership- ITAT Blasts Revenue for Taxing Individual Instead of HUF/Trust

PCIT Rightly Invoked : AO Ignored Mandatory DSIR Form 3CL for R&D Deduction

Alumni Association is for benefit of public and not for members only

Deduction u/s. 54F not confined to registered sale deed or possession

No addition u/s. 43CA as difference between sale price and DVO valuation within tolerance band

No revision of Voluntarily filed returns was possible through additional evidence under rule 29 of ITAT Rules

Cash found during search verifiable from audited books cannot be added u/s. 69A as unexplained money

Negligence on part of lawyer not sufficient cause to condone delay of 1265 days

Revised return filed before assessment cannot mean concealment- ITAT Jaipur deletes penalty u/s 271(1)(c) -Vague notice & voluntary disclosure save assessee from penalty

Business-Linked Losses: ITAT Confirms Deductibility of Exchange – Difference Derivatives for Exporters

Claim rejected since seized gold already assessed and proceedings concluded in name of husband of petitioner

Tribunal upheld deletion of disallowance u/s 80-IA on amalgamated units and capped sec. 14A disallowance at actual exempt income
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.
