#income tax act 1961
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10% Section 56(2)(x) Tolerance Limit for Property Valuation Retrospective: ITAT Mumbai

ITAT Delhi Upholds Lease Rental Income as House Property: Applied Consistency Rule

Revision u/s. 263 quashed as AO conducted detailed enquiry and took legally permissible view

Employee PF/ESI Disallowed if Deposited Beyond Statutory Due Dates

ITAT Raipur Upholds Late PF/ESIC Deduction Disallowance: Checkmate Ruling Applied

ITAT Pune Deletes Section 271(1)(c) Penalty Against Assessee Over Defective Notice

Interest from investment with other co-operative society deductible u/s. 80P(2)(d)

Section 79 of Income Tax Act, 1961: Immediate vs. Beneficial Ownership

Mesne Profit is capital receipt hence not taxable: ITAT Mumbai

Bogus LTCG addition quashed as sale transaction of shares cannot be doubted

Pre-Operative Expenses for Business Expansion Allowable as Revenue: ITAT Delhi

Section 270A Penalty Order Set Aside for Lack of Opportunity: ITAT Lucknow

Calcutta HC Quashes Income Tax Section 154 Order Against Deceased Person

Second Opinion of AO cannot be Ground for Section 263 invocation
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.
