#income tax act 1961
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Section Notice liable to be quashed if not supported by reasons: Patna HC

Loan Between Holding & Subsidiary Due to Commercial Expediency is Outside Deemed Dividend Scope

Addition based on loose papers without independent corroborative material not sustained

Rajasthan HC Dismisses Writ Petition for Non-Exhaustion of Statutory Remedies in Reassessment Case

ITAT Mumbai reduces bogus purchase addition to 5% for Ferrous Trader

Addition on account of sale of fly ash not sustained as entire sale proceeds deposited in fly ash utilization fund

Trust involved in charitable-religious activities not benefitting specific religious community eligible for exemption u/s. 11

No jurisdictional error when material relied upon while passing order supplied to assessee

PCIT duty bound to examine documents/ details submitted during revisionary proceeding u/s. 263

Exemption u/s. 10(23C)(iiiad) granted even in absence of approval u/s. 12A

Funds from foreign sources into NRE accounts not taxable in India in terms of section 10(4)

Hotel Reimbursement of Marketing & Other Fees Not Fee for Technical Services

Only Profit Element in Bogus Purchases to Be Treated as Income: Bombay HC

Addition u/s. 56(2)(viib) deleted since there is no over-valuation shares
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.
