#income tax act 1961
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Receipt from parking facilities treated as business income: ITAT Mumbai

ITAT Ahmedabad: Section 43CB vs AS-7/AS-9 on Revenue Recognition for Real Estate Developers

No Section 271(1)(c) Penalty on Voluntary Income Disclosure: ITAT Visakhapatnam

Section 80IC Deductions: No government Approval Needed for SEZ Enterprises

Disallowance u/s. 14A not justified as investment made out of interest free funds: ITAT Jaipur

No Section 271E penalty for Violating Section 269SS & 269T Due to Reasonable Cause

Assessment & Income Tax Exemption for Universities, Hospitals & Institutions

CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)

Revision u/s. 263 for mere non-production of certificate in Form 3CL not justified

Initiation of reassessment u/s. 147 based on search action instead of 153A/153C is untenable

Kerala HC directed to keep recovery proceedings in abeyance till final disposal of appeal

No addition u/s. 28(iv) for free of cost assets from sister concern as no benefit derived

Bombay HC Directs Income Tax Dept to Review Seized Gold Case

Issues already examined in revision proceedings cannot be re-agitated in reassessment
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.
