#income tax act 1961
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Fling of form 10B before assessment proceedings is sufficient: Exemption u/s. 11 granted

Partner’s Withdrawal from Firm Not Deemed Dividend U/S 2(22)(e): ITAT Delhi

Addition u/s. 43CA unwarranted as amendment providing tolerance band of 10% is retrospective in nature

Section 80-IC Deduction on Eligible Unit’s Profit only, No Set-Off of Other Losses: ITAT Mumbai

Commercial Decisions Prevail Over Income Tax Department’s View: ITAT Mumbai

Income Tax Appeals Cannot Be Dismissed for Non-Appearance: Kerala HC

ITAT Chennai Grants Another Opportunity to Substantiate Cost of Improvement Claim

Interest from UCBs Eligible for Section 80P Deduction: ITAT Ahmedabad

ITAT Chennai Remands ₹6.16 Cr Cash Deposit addition Case for Fresh Adjudication

Calcutta HC Dismisses Writ on Reassessment Due to Delay and Alternative Remedy

ITAT Dismisses Revenue Appeals Below ₹60L Tax Effect, Calls Grounds ‘Cryptic & Nebulous’

ITAT Remands 12A Registration Denial for Reconsideration with Additional Evidence

Reopening Assessment for Bogus LTCG/STCG from Shell Company Valid: Calcutta HC

Hardship Compensation during Redevelopment is Non-Taxable Capital Receipt: ITAT Mumbai
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.
