#income tax act 1961
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Bombay HC sets aside compounding plea rejection despite 36 month delay

Reopening Invalid If Reopening Grounds were discussed in Original Assessment: Bombay HC

Reassessment Beyond 4 Years Requires failure to disclose material facts: Bombay HC

Bombay HC allows Community Development as Business Expense

LTCG on Market Linked Debentures Taxable at 20% under Sec 112: ITAT Bangalore

Extraordinary event of demonetization to be considered while comparing cash sales during that period

Reassessment notice issued u/s. 148 beyond six years is time barred: ITAT Mumbai

Proceedings u/s. 153C cannot be triggered without formation of opinion by AO of non-searched person

Initiation of reassessment against non-existing company not sustainable

Penalty u/s. 271D deleted as cash payment made at one go before sub-registrar: ITAT Amritsar

ITAT Chennai Sets Aside Section 80G Registration Rejection, Cites Short Notice

ITAT Mumbai directs Assessment of Factory Premises Rental Income under Section 57

ITAT Grants 77-Year-Old Farmer Fresh Hearing After Consultant’s Misguidance

ITAT Pune Allows Section 80P(2)(d) Deduction on Interest from Co-op Banks
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.
