#income tax act 1961
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Unexplained cash deposit matter restored hence corresponding penalty u/s. 271(1)(c) matter too restored

The Darkest Side of Direct Taxation Practice in India

Limitation for Section 263 Starts from Original Assessment Date if issues under review not pertain to reassessment

Section 263 notice is invalid if the original order ceases to exist: ITAT Jaipur

Non-Submission of documents: ITAT Restores Trust Registration Case to CIT(E)

Assessments restored back to CIT(A) due to non-cooperation by assessee: ITAT Ahmedabad

Addition Under Section 56(2)(vii)(b) Without DVO Valuation Invalid

Revenue and Taxation Reforms- New paradigms for Local governments

Transfer pricing disallowance as assessee failed to prove any benefit not justifiable: ITAT Bangalore

Addition merely based on retracted statement cannot be sustained: ITAT Jaipur

State Electricity Board Rates Determine Market Price of Power: Delhi HC

Capital gain tax set aside as land not situated within municipal limits: ITAT Jodhpur

Exemption u/s. 11 and 12 available as agreement entered didn’t violated purpose of charity

No Section 69A addition on suspicion: ITAT Mumbai deletes ₹3.05 Cr addition
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.
