#income tax act 1961
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HC Upholds ITAT Order Quashing Section 263: AO Conducted Due Enquiries During Assessment

Diversion of interest-bearing funds for commercial transactions not disallowable if loans used for business purposes

Capital gain addition merely based on unregistered agreement not sustainable

ITAT Upholds addition as assessee’s explanations for seized documents unsatisfactory

Section 147 Reassessment Unsustainable Due to Mismatch in Grounds & Disallowance

Validity of Reassessment Under Section 148 Based on AIS Mismatch

ITAT Quashes 148 Notice as Income Below ₹50 Lakhs

Allahabad HC Stays Benami Notice on Assessed Cash

Matter restored to CIT(A) as personal hearing notice was sent via email inspite of specifically opting out

Exemption u/s. 10(23C)(iiiab) entitled to institution substantially funded by Central Government

ITAT Pune ruling on non applicability of Section 68/69 for Business Income

Your Rights as a Taxpayer: How Courts Protect You from Tax Authorities

Reopening u/s. 148 beyond 4 years quashed as material facts fully & truly disclosed: ITAT Raipur

Addition not sustained as source of funds for purchasing crypto currency explained
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.
