#income tax act 1961
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Incentive received under sales tax scheme is capital receipt: Bombay HC

Notification No. 112/2025 – Income Tax, Dated: 11th July, 2025

Notification No. 111/2025 – Income Tax, Dated :11th July, 2025

Notification No. 110/2025 – Income Tax, Dated: 11th July, 2025

Notification No. 105/2025 – Income Tax, Dated: 11th July, 2025

Calcutta HC Stays Reassessment Proceedings, Cites Due Process

Revision u/s. 263 upheld as depreciation disallowed based on incorrect understanding of facts

Revision u/s. 263 quashed as plausible view taken by AO in allowing claim of interest u/s. 24b

Exemption u/s. 54 granted as amount utilized within extended time under TOLA

IREDA Bonds: New Long-Term Asset for Section 54EC Tax Exemption

Prosecution u/s. 276C(1) cannot be continued as penalty proceedings u/s. 276C(1) already terminated

Passing of intimation u/s. 143(1) not tenable as 30 days time for filing response not provided

Calcutta HC Quashes Income Tax Order as AO failed to provide personal hearing

Section 54F deduction allowed as funds utilized within extended period vide CBDT Circular 11/2023
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.
