#income tax act 1961
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ITAT Deletes Bogus Purchase Addition as assessee submitted adequate evidence

Section 271(1)(c) Penalty Not Sustainable on Estimated Income Additions: Bombay HC

Delhi HC: Scam Proceeds Not Taxable Income – PMLA Overrides Income Tax Act

Taxation of a Discontinued Business in India

NGO Misused for Kickbacks: ITAT Delhi Sustains Retrospective 12AA Cancellation

No need to file Form 10EE every year once it has been filed for a year: ITAT Mumbai

ITAT upholds 50% HRA Disallowance due to joint tenancy with brother, Deletes Investment & Gift Additions

ITAT Reduces Unexplained Investment Addition, Considers Socio-Economic Status & Family Savings

Calcutta HC Directs Expedited Disposal of ITAT Restoration Application

ITAT Bangalore Allows Net Profit Taxation Despite Denial of Section 80P Deduction

ITAT deletes Section 68 Addition for cash withdrawals by a fruit commission agent

ITAT Kolkata Allows Appeal Withdrawal, Permits Fresh Filing if Sec. 119(2)(b) Petition Fails

Clubbing of Income under Income-tax Laws of India

Concept of Income and Heads of Income under Income‑Tax Act, 1961
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.
