#income tax act 1961
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Initiation of penalty proceedings u/s. 271DA justified as delay was not unreasonable: Delhi HC

Reassessment quashed as it was based on information fully examined during earlier reassessment

Section 40A(3) applies to revenue expenditure, not to capital investments: Delhi HC

Penalty u/s. 271AA not leviable without specifying documents not furnished by assessee

Revision u/s. 263 set aside as based on assumption and presumption: ITAT Jaipur

Matter restored back as CIT(A) failed to consider additional evidences: ITAT Chennai

Revisionary power u/s. 263 not sustainable as there is neither error of law nor of facts

ITAT Kolkata Rules on FTC Claim & Form 67 Filing Deadline

Property Valuation Dispute: ITAT Pune Remands Case to CIT(A) for Fresh Adjudication

AO cannot disallow tanker expenses on ad-hoc basis without justification: ITAT Raipur

ITAT Pune Deletes ₹1.02 Cr Addition as Income Taxed in Husband’s Hands

Quashing of Assessment order on non-compliance of sec 144C and barred by the period of Limitation

ITAT Mumbai Remands Section 12AB Registration Case for Reassessment

CIT(A) Must Decide even Ex Parte Appeals on Merits: ITAT Cochin
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.
