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#income tax act 1961

Latest income tax act 1961 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

6,965 articles
Income TaxITAT Rajkot Upholds ₹3.99 Crore Addition u/s 56(2)(viib) – Rejects DCF Valuation as Defective & Unsubstantiated
Income Tax

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

CA Vijayakumar Shetty12 months ago
Income TaxYou’re Still Taxed After You’re Gone- But Your Heir Only Pays What’s in the Cupboard
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxAssessment Quashed: ITAT Finds Notice u/s 143(2) by Non-Jurisdictional AO After Transfer u/s 127 Invalid
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxOnly real income taxable- ITAT Delhi deletes ₹52.65 Cr notional interest addition & allows inventory loss from theft/flood
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxSports Club Receipts Within 20% Safe Harbour; Section 263 Revision Set Aside: ITAT Pune
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxRental Income Not a Bar to 12A Registration When Applied to Charity: ITAT Pune
Income Tax

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

Bhuvanesh Kankani1 year ago
Income TaxITSC Applications Filed Before 31 March 2021 to Be Treated as Pending
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxPenalty u/s 271(1)(c) for Disallowed Bad Debts – Tribunal Upholds Deletion by CIT(A)
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxIncome Tax reassessment order was quashed for delay in issuing sec.143(2) notice
Income Tax

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

RATHI1 year ago
Income TaxPenny stock addition deleted – Investigation Wing report alone not enough
Income Tax

Penny stock addition deleted – Investigation Wing report alone not enough

CA Vijayakumar Shetty1 year ago
Income TaxTrust Loses Registration Due to Staff Error – ITAT Pune Restores 12A Application
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxSection 263 Invalid When PCIT Questions AO’s Pen/Order Without Proof: ITAT Lucknow
Income Tax

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

CA Vijayakumar Shetty1 year ago
Income TaxDenial of Virtual Hearing Vitiates Order – ITAT Pune Restores 12A Rejection for Fresh Adjudication
Income Tax

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

CA Vijayakumar Shetty1 year ago

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.