#income tax act 1961
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Section 115JB of Income Tax Not Applicable to Banking Companies: ITAT Bangalore

Amendment in Form ITNS-150 to be made within time limit prescribed u/s. 154(7)

Planning, HR, Legal & IT Support Not Taxable as FTS Under India-USA DTAA, Citing ‘Make Available’ Test

Seizure of jewellery valid as legitimacy of jewellery not substantiated

ITAT Jaipur Grants 90% Relief in Disputed Purchase Case Involving Accommodation Entries

HC Can Extend Time for E-Auction Bid Deposit in Exceptional Cases Under Article 226

Commercial Advances Don’t Fall Under Section 2(22)(e): ITAT Mumbai

Interest on Delayed Agricultural Land Acquisition Compensation should be Classified as ‘Capital Gain

No addition u/s 69A without corroborative evidence & cross-examination

Reassessment u/s. 148A(b) initiated within prescribed time limit u/s. 149(1) is valid

Direct vs. Indirect Tax: Convergence or Divergence in India? Part 2 – Inventories

HC Quashes Prosecution for TDS payment Delay due to Late Bills from Amazon, eBay

Reassessment proceeding u/s. 148 quashed as based on change of opinion

Reassessment u/s. 147 without any fresh material not sustainable: ITAT Raipur
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.
