#income tax act 1961
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Section 68 Penny Stock Addition Deleted for Lack of Independent Enquiry: MP HC

The 6%/8% Myth: Does Low Profit Really Trigger a Tax Audit?

Gujarat HC Quashes Reassessment of Trust Where 85% Application Was Met

ITAT Mumbai Holds TNMM MAM for Value-Added Medical Equipment Distribution

Section 10B(8) Declaration Deadline Mandatory: SC

Dismantling Reassessments Built on Erroneous Jurisdictional Foundations

Madras HC Condones Delay under Section 119(2)(b) Despite Three-Year CBDT Circular Limit

C&AG Flags Errors in Taxation of Unexplained Transactions – Sections 68 to 69D & 115BBE

Benefits for Senior Citizens and Very Senior Citizens under Income Tax Act, 1961

Income Tax Dispute Resolution: DRP, MAP and Safe Harbour

Telangana HC Quashes Income Tax Reassessment Order After IBC Resolution Plan Approval

TDS on Payments to Non-Residents & Lower/Nil Deduction Certificate (Sections 195 & 197)

Interest Disallowance Deleted as Property Purchases Funded Separately: Delhi ITAT

IDS Declaration Failed but Tax Already Paid Must Be Credited: Bombay HC
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.
