#income tax act 1961
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HC refused to de-freeze account of company dishonestly inducing investors to invest in cloud particles

Section 271(1)(c) Penalty Unsustainable if underlying quantum additions are under reassessment

Interest on enhanced compensation u/s. 28 of Land Acquisition Act is taxable: ITAT Delhi

Delay in filing income tax return results into imposition of penalty and prosecution: Karnataka HC

Enhanced Limits for Partners Remuneration: Section 40(b) & 194T

Section 69A addition of Rs. 1.49 Cr: ITAT remands Case for Fresh Review

Bombay HC Orders I-T Dept to Enable Section 87A Rebate Claim in Tax Return Utility

Sale of Dangerous Goods Regulations manuals doesn’t tantamount to royalty

Details/ documents proved genuineness of purchases hence bogus purchase addition deleted

Waiver of interest u/s 220 (2A) required co-existence of three condition mentioned therein: HC

Passing of final assessment order without prior approval u/s. 153D untenable

ITAT Chennai Remands ₹42.72 Lakh demonetization Cash Deposit addition Case to AO

ITAT Chennai Deletes ₹5 Crore Addition as assessee proved source of funds

ITAT Mumbai Dismisses Revenue Appeal Due to Low Tax Effect
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.
