#income tax act 1961
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Addition u/s. 40(a)(ia) not sustained as profit is estimated by applying net profit rate

Society not entitled to exemption under sections 11 and 12 due to non-filing of return of income

No addition u/s 68 for long-term capital gain on sale of shares as independent investigation was not conducted by AO

Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement

Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law

ITAT Orders Recalculation of Limitation Excluding COVID-19 Period

Applicability of Section 13(1)(b): ITAT Remands Trust Registration Case to AO for Re-examination

Audit of a Trust in Form 10B/10BB: Filing Essentials

Union Budget 2025-26 – Corporate Tax Wishlist

Form 26AS Discrepancy: ITAT allows ₹168.61 Crore TDS Credit, Directs AO to Verify Income

Addition for Undisclosed Investments is Valid if Assessee Fails to Discharge Burden of Proof

Taxpayer is entitled to raise additional claims before appellate authority: ITAT Delhi

AO who issued notice u/s. 148 of old Act is required to pass an order under new scheme

No addition of undervaluation of Closing Stock when AO failed to reject books of accounts
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.
