#income tax act 1961
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Is F&O Profit Covered by Presumptive Taxation – and What Exactly Is “Turnover” for F&O?

Gujarat HC Quashes Section 148 Reopening for Absence of New Tangible Material

Delhi HC: Audit Fee to Be Paid by Union for Audit Ordered Under Section 142(2A)

Madras HC: Investigation Wing Information Alone Cannot Justify Reassessment

Gujarat HC Sets Aside Section 148 Reopening Where Depreciation Facts Were Disclosed

Madras HC Allows Section 37(1) Deduction for Mandatory Site Restoration Cost

Gujarat HC: VAT Department Covered as Law Enforcement Agency Under Tax-Effect Exception

Gujarat HC: Section 154 Rectification Application to Be Decided Within 3 Months

Delhi HC: Section 147A Amendment Confirms Concurrent FAO- JAO Jurisdiction

Mere Tax Payment Delay Insufficient for Section 276C(2) Prosecution: Madras HC

Chhattisgarh HC: Property Tax Objections Must Be Decided by Speaking Order

Section 48 bars Double Deduction of Interest on Borrowed Capital for House Property

Delhi HC: Reassessment Fails – PCIT Lacked Authority to Grant Approval Beyond Three Years

Kerala HC: Bank Cannot Rely on Expired Income Tax Prohibitory Order to Freeze Account
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.
