#income tax act 1961
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Vague Grounds of Accommodation Entries: ITAT Quashes Tax Reassessment

ITAT Allows Contract Penalties paid to Govt Authorities as Business Expense

ITAT Upholds Section 40A(3) Addition for Cash Payments

Addition in unabated assessment deleted in absence of incriminating material found during search

Notice u/s. 148 issued beyond time period specified u/s. 149(1) is invalid: Bombay HC

ITAT Quashes Reopening as Income Below ₹50 Lakh, Notice Beyond 3-Year Limit

ITAT Restores Case to CIT(A) After 5 Missed Hearings, Including One During Covid

Section 234E Fee for Delayed TDS Returns Prior to June 2015 Unjustified: Pune ITAT

Reopening u/s. 148 merely on the basis of change of opinion is bad-in-law

Section 68 Addition based on non-appearance of directors not sustainable: ITAT Mumbai

Section 131 Summons Non-Compliance Not Sufficient for Share Capital Addition u/s 68

CIT(A) Has Power to Admit Additional Evidence & Remand Matter to AO for Further Inquiry

Notice Vague & Invalid if It Fails to Specify Particular Limb of Section 271(1)(c)

Section 148 notice not served: ITAT Restores Bar Council Case to NFAC
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.
