#income tax act 1961
Log in to FollowLatest income tax act 1961 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

ITAT Rajkot Upholds ₹3.99 Crore Addition u/s 56(2)(viib) – Rejects DCF Valuation as Defective & Unsubstantiated

You’re Still Taxed After You’re Gone- But Your Heir Only Pays What’s in the Cupboard

Assessment Quashed: ITAT Finds Notice u/s 143(2) by Non-Jurisdictional AO After Transfer u/s 127 Invalid

Only real income taxable- ITAT Delhi deletes ₹52.65 Cr notional interest addition & allows inventory loss from theft/flood

Sports Club Receipts Within 20% Safe Harbour; Section 263 Revision Set Aside: ITAT Pune

Rental Income Not a Bar to 12A Registration When Applied to Charity: ITAT Pune

ITSC Applications Filed Before 31 March 2021 to Be Treated as Pending

Penalty u/s 271(1)(c) for Disallowed Bad Debts – Tribunal Upholds Deletion by CIT(A)

ITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh

Income Tax reassessment order was quashed for delay in issuing sec.143(2) notice

Penny stock addition deleted – Investigation Wing report alone not enough

Trust Loses Registration Due to Staff Error – ITAT Pune Restores 12A Application

Section 263 Invalid When PCIT Questions AO’s Pen/Order Without Proof: ITAT Lucknow

Denial of Virtual Hearing Vitiates Order – ITAT Pune Restores 12A Rejection for Fresh Adjudication
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.
