#income tax act 1961
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Delhi HC Lacks Jurisdiction to entertain Appeals Against Amritsar AO Orders

Approval accorded u/s. 153D in mechanical manner is unsustainable: Delhi HC

CBDT extends Due Date for Filing Form 56F for AY 2024-25

No revision u/s 263 for claim of Bank of Maharashtra’s ₹1137 Crore deduction for Bad and Doubtful Debts

Weekly Income Tax and GST Updates (10-16 Feb 2025)

Unsecured Loan Addition Deleted as Loans Accepted & Repaid in Same Year: ITAT Jaipur

No addition u/s 68 as contribution to share capital was genuine

Lack of proper inquiry on Unexplained Cash Deposits during Demonetization: ITAT restores matter

Expenditure incurred for IPO, subsequently aborted, allowable being revenue in nature: ITAT

No Section 271C Penalty for Non-Deduction of TDS Due to Professional Advice: Karnataka HC

Genuine Promoter Loan: ITAT Delhi Deletes Unexplained Credit Addition

Telangana HC upholds cost of goods sold-based apportionment of common expenses over turnover

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Revision u/s. 263 quashed as no loss of revenue involved: ITAT Cuttack
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.
