#income tax act 1961
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Income Tax
Income Tax
Demonetization cash deposit not added u/s. 68 as source duly explained
Income Tax
Income Tax
No addition of unexplained income u/s 69A for cash deposits from business sales during demonetization without contrary evidence
Income Tax
Income Tax
Provision for discount was an allowable expenditure if based on a scientific method & consistently discharged in subsequent years
Income Tax
Income Tax
Reassessment u/s. 147 without any fresh and new material is invalid
Income Tax
Income Tax
Retirement Benefits & Household Savings Explain Cash Deposits, No Scope for 69A Addition
Income Tax
Income Tax
Disallowance u/s. 14A deleted since sufficient own funds available to cover investment
Income Tax
Income Tax
Income from production of hybrid seeds under supervision of company is exempt u/s. 10(1)
Income Tax
Income Tax
Addition towards bogus LTCG merely based on presumption without corroborative evidence cannot be sustained
Income Tax
Income Tax
Disallowance to be made u/s. 37 and not u/s. 69C when genuineness of expense doubted
Income Tax
Income Tax
Delay of 16 days in EPF deposit was allowable u/s 36(1)(va) as same was attributable due to COVID-19 Lockdown
Income Tax
Income Tax
Addition u/s. 68 upheld as money trail establishes circulation of unaccounted funds through shell company
Income Tax
Income Tax
Important of Deprecation Under ‘Income From business Or Profession’ Head
Income Tax
Income Tax
Seized amount being proceeds of crime cannot be recovered by income tax department prior to conclusion of PMLA trial
Income Tax
Income Tax
Brought forward additional depreciation of preceding year not to be set off against opening WDV
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.
