#income tax act 1961
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Ex-Parte Income Tax Order Violates Natural Justice Principles: Bombay HC

Reopening of assessment without fresh tangible material not sustainable: Bombay HC

100% Disallowance of Bogus Purchases Mandated when source not explained: Bombay HC

ITAT Delhi quashing Levy of penalty u/s 271(1) beyond period of limitation

Addition u/s. 69 without any concrete evidence against assessee is not sustainable

Unexplained Income and Investments: Sections 69A and 69B

Applicability of Sections 41(1) & 68 on Lease and Booking Advances as Ceased Liabilities – ITAT Ruling

No penalty under Section 271(1)(c) if income declared during search & seizure

Year End Closing FY 2024-25: Important Action Points – Volume 1

Reassessment proceedings barred by limitation cannot be pursued: Rajasthan HC

Capital gain cannot be treated as bogus merely on warning letter of SEBI without any incriminating material

Order passed u/s. 148A(d) beyond 3 years with approval of PCIT instead of PCCIT quashed

Section 69 Addition: ITAT Directs CIT(A) to Reassess Case & Consider Additional Evidence

Valuation of finished goods after following stock ageing effect justifiable
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.
