#income tax act 1961
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Cash credit addition not sustained as re-payment of loans in subsequent year accepted

Case Transfer U/S 127 Upheld for Coordinated Probe on Group’s Seized Documents

ITAT Directs AO to Consider Circle Rate on Agreement Date for Tax Calculation

NFAC Erred by Passing Order in Name of Non-Existent Entity; ITAT Directs NFAC to Admit Amended Appeal Post Amalgamation

ITAT Condones 350-Day Delay in TCS Appeal by District Magistrate

Section 271(1)(c) Penalty Initiation Requires Specific Satisfaction: Rajasthan HC

No Aggregation of Escaped Income Over Years Under Section 149(1)(b): Delhi HC Sets Aside Notice

No Price Rigging Evidence in Penny Stock Loss: Calcutta HC dismisses Revenue Appeal

Section 153C Limitation starts from Date AO receives Documents: Delhi HC

Representative’s Hospitalization: Madras HC Sets Aside Order, Grants Fresh Hearing Opportunity

Madras HC Upholds Income Tax Case Transfer to Kochi Central Circle

Service of Notice on Old Email Address: ITAT Delhi Voids Reassessment Order

Vague Grounds of Accommodation Entries: ITAT Quashes Tax Reassessment

ITAT Allows Contract Penalties paid to Govt Authorities as Business Expense
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.
