#income tax act 1961
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Income Tax
Income Tax
Interest Income from employee loans was to be treated as Business Income not Income from Other Sources
Income Tax
Income Tax
Addition u/s. 2(22)(e) untenable as trade advances cannot be characterized as loans or advance
Income Tax
Income Tax
Addition for capital contribution from partners not sustained as identity of partners and genuineness of transaction established
Income Tax
Income Tax
Issue of reopening notice u/s. 148 by ACIT-Jaipur illegal as jurisdiction lies with ITO-Delhi
Income Tax
Income Tax
Reopening of assessment based on borrowed satisfaction not sustainable: Gujarat HC
Income Tax
Income Tax
Reopening assessment without controverting explanation of assessee is bad-in-law: ITAT Kolkata
Income Tax
Income Tax
Section 292C’s presumption applies only to person from whom documents seized
Income Tax
Income Tax
Section 10(46) Tax Exemption for Delhi Construction Workers Welfare Board
Income Tax
Income Tax
Mere ‘Managing Director’ designation not establishes Employment Relationship
Income Tax
Income Tax
AO Cannot Add New Income if Reassessment not includes Originally Alleged Escaped Income
Income Tax
Income Tax
AO Cannot Reassess Other Income Without Assessing Initial Grounds: Calcutta HC
Income Tax
Income Tax
Assessee under Income Tax Act: Types, Rights and Responsibilities
Income Tax
Income Tax
CBDT Circular Cannot Override Statutory Provisions by Prescribing Limitation Period Absent in Income Tax Act
Income Tax
Income Tax
Reopening u/s. 147 based on communication without independent application of mind is invalid
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.
