#income tax act 1961
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Trusts Can Claim Section 11 Exemption Despite Late Form 10B Submission

ITAT Chennai Sets Aside Ex-Parte Tax Order Over Email Spam Folder Issue

ITAT Reinstates Trust’s Section 12A Application for breach of Natural Justice

ITAT Upholds Income Declared Under Section 44AD; Cash Deposit Addition Deleted

ITAT Deletes Section 270A Penalty as Declared Income Accepted Without Additions

ITAT condones Appeal Delay Citing Clerk’s Error, Trustees’ Tech Limitations & Age

ITAT Deletes ₹6.55 Lakh Section 40A(3) Addition for Capital Asset Payments

Section 12AB Registration Denied: Trust’s Activities Restricted to Specific Religious Community

Expansion of scope of limited scrutiny not tenable as prior approval not obtained

Revision proceeding u/s. 263 not tenable as order not erroneous or prejudicial to interest of revenue

Concluded & closed assessment cannot be reopened on suspicion: Delhi HC

No Reassessment Without Prior Approval U/S 151(ii) for Cases Over ₹50 Lakh Beyond 3 Years:

Section 148 Reassessment Beyond Section 149 Time Limit is Unsustainable: Madras HC

Reopening of assessment u/s. 148 on mere change of opinion is invalid: ITAT Chennai
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.
