#income tax act 1961
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TDS Notice Invalidated: Lower Deduction Certificate Voids Default Claim

TRACES data gap: HC directs TDS credit processing on company-provided cheque & bank details

ITAT Remands Section 80P Denial for Co-op Society Over ITR Delay

Section 14A Disallowance Invalid Without Exempt Income: ITAT Ahmedabad

Delay in filing Form 10-IC not condoned as option of lower taxation u/s. 115BAA not selected in return

Delay in filing Audit Report in Form 10B due to Covid-19 condoned: Orissa HC

ITAT Quashes Reassessment: Reasons Based Solely on ADIT Information Invalid Under Sections 147/148

AWS Cloud Computing Service Receipt Not Taxable as Equipment Royalty: Delhi HC

20th Proviso to section 10(23C) applies prospectively hence denial of exemption u/s. 10(23C)(vi) not justified

If Applicability of Section 115JB is Debatable, then Rectification Beyond Section 154 Scope

Goodwill created upon amalgamation is intangible asset eligible for Section 32 depreciation

Section 80G Approval cannot be denied merely on presumptions: ITAT Hyderabad

No Penalty u/s 273B for Cash Loan Repayment on Lender’s Request to curb Interest Escalation

HC Remands Case to Assess Viacom 18’s Transponder Payments as ‘Royalty’ Under India-US DTAA
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.
