#income tax act 1961
Log in to FollowLatest income tax act 1961 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Section 43A not invocable when there is only reinstatement of fluctuation loss

ITAT Deletes ₹12 Lakh Addition on Post-Demonetization SBN Deposits

ITAT Mumbai Sets Aside CIT(A) Order Due to Lack of Proof of Service of Notice

Insurance Company Negative Reserves Not Distributable Surplus & Cannot be taxed

Delhi HC Rejects Plea for Income Tax Probe Into Wife’s Family Over Dowry Claims

ITAT Pune condone Delay in Filing Audit Report as valid reason is provided

Debatable Tax Claims in Good Faith Don’t Attract Section 270A Penalties

Disallowance u/s 40A(3) Remanded for Review Considering Bank Holiday, Agent Payment & Business Exigenc

Retrospective Amendment Doesn’t Justify Reassessment Beyond Four Years

Bad debts recovered & offered to tax cannot be taxed again under Section 69A

ITAT Chennai Orders Fresh Assessment in Form 10BB Delay Case

Profit by captive consumption of electricity eligible for deduction u/s. 80-IA: Rajasthan HC

Interest Income from employee loans was to be treated as Business Income not Income from Other Sources

Addition u/s. 2(22)(e) untenable as trade advances cannot be characterized as loans or advance
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.
