#income tax act 1961
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LLPs to Face Higher Taxes: LTCG Rate Rises from 12.5% to 18.5% Under New Income Tax Bill

Delay Miscalculated, NFAC Must Rehear Appeal on Grants, Interest Income

DVO reference U/s 142A made before initiation of reassessment is invalid

Lower tax of 10% on sale of unlisted share allowed even in absence of filing claim via revised return

Section 12AB / 80G applications: Mind the sub-clauses & section codes

Unregistered Trust: ITAT Pune Rules Only Net Income Taxable

AO Cannot Reopen Assessment Beyond Grounds Mentioned in Section 148A(b) Notice

Income Tax Reassessment Beyond 3 Years Barred If Escaped Income Below ₹50 Lakhs

Kerala HC Quashes Income Tax Reassessment Notice Issued on Cancelled PAN

ITAT Upholds Addition for Agricultural Income Jump Deemed Unbelievable

Portal Drop-Down Issue: ITAT Permits Re-Filing of Section 10(23C) Registration Application

Assessee’s Illiteracy & Reliance on Accountant Accepted as Reasonable Cause by ITAT

Section 11(3) Amendment Not Retrospective: ITAT Pune; Deletes ₹90 Cr Addition

Deduction u/s. 10AA allowed on interest received from fixed deposits and loans to employees
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.
