#income tax act 1961
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Low Tax Effect Bars Revenue Appeal Despite State Sales Tax Information: Pune ITAT

Karnataka HC: Section 271(1)(c) Penalty Reconsideration Ordered After Assessment Revival

Finance Act 2010 Retrospective Tax Amendment Read Down for Offshore Services: Karnataka HC

Delhi HC Upholds Income-Tax Dept’s LOC: Courts Cannot Review Satisfaction on Economic Interests

Delhi HC Rejects Impleadment of Complainant in Reassessment Challenge, Allows Writ Amendments

AO Can’t Become an Economist to Question Expected Return in Share Valuation: Delhi HC

Madras HC Allows Section 10(23G) Exemption on Liquidated Damages, Underwriting Commission & Structuring Fees

Allahabad HC Dismisses Appeals Upholding Interest Tax Reassessment Within Limitation

Madras HC Rejects Reassessment Appeal for Missing Section 151(ii) Approval

Rajasthan HC Rejects Quashing Plea in Section 276CC Case Over Delayed ITR Filing

No CWIP Interest Capitalisation for Existing Building, Gujarat HC Rejects MAT Addition

Change of Opinion Cannot Justify Reopening Beyond Four Years: Gujarat HC

TDS Exemption on Interest Paid to Non-Member Co-operative Societies under Section 194A(3)(v): Bombay HC

Section 263 Revision Cannot Apply Where AO Conducted Specific Enquiry & Accepted Reimbursement: Bombay HC
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.
