#income tax act 1961
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Unsecured Loan Addition deleted by ITAT Citing Adequate Evidence & Repayment

Section 56(2)(viib) Applies to Share Premium Exceeding FMV, Regardless of Shareholder Relationship or Status

Delhi HC Orders Reassessment of DTVSV Application, Rejects PCIT’s Cancellation

IBC Plan Prevails Over Income Tax Reassessment: Calcutta HC

ITAT Ahmedabad Set Aside Indian Red Cross Section 80G Approval Rejection

Penalty for non-compliance with notice u/s. 133(6) justified: Kerala HC

Recording of consolidated satisfaction note u/s. 153C for different assessment years is bad-in-law

Addition towards undisclosed income sustained as incriminating material found during search not explained

Addition of income which has escaped assessment sustained even if not specifically mentioned in re-opening order

Notice not stating specific limb of Sec. 271(1)(c) cannot be sustained: ITAT Raipur

Co-Op Credit Society Eligible for 80P(2)(a)(i) Deduction on Total Income, Including Bank Interest: ITAT Mumbai

Section 127 Order Mandatory for Transfer of Jurisdiction: ITAT Raipur

Minor procedural lapses should not lead to denial of Section 12AB registration: ITAT Nagpur

Section 194EE Exemption: 80CCA Withdrawals Tax-Free
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.
