#income tax act 1961
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Co-op Society cannot claim Section 80P(2)(d) deduction on interest from Regional Rural Bank deposits

Section 263 Cannot Be Invoked Without Twin Condition Satisfaction: Calcutta HC

Interest on Loan Is a Valid Application of Income for Charitable Trusts: ITAT Chennai

ITAT Ranchi Deletes Addition on Cash Deposits During Demonetization from prior withdrawals

ITAT Chennai Deletes Bonus Disallowance Wrongly Reported in Tax Audit Report

ITAT Ahmedabad Deletes ₹6.78 Lakh Section 69 Addition on Cash Deposits

TP Adjustment Cannot Be Added to MAT Book Profits: ITAT Delhi

ITAT Mumbai Allows Advertisement Expenses as Revenue Deduction – Deletes ₹2.44 Cr Addition

Identity, PAN, ITR & Repayment Proved – ITAT Rules in Favour of Assessee on Unsecured Loans

Multiple Notices in Short Span + Covid Hospitalisation: ITAT Deletes section 272A(1)(d) Penalty

Justice Over Technicalities – ITAT Restores Appeal Dismissed Without Reviewing Evidence

ITAT Nagpur Deletes ₹20.32 Lakh Addition as Unexplained Investment Lacks Evidence

Penalty u/s 271(1)(c) Dependent on Quantum – Tribunal Remands Back to NFAC

Assessee Fails to Prove Loan- ITAT Delhi Upholds Rs.1 Cr Addition
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.
