#income tax act 1961
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Income Tax
Income Tax
Increased income on account of voluntary TPA would be eligible for claiming deduction u/s 10AA – ITAT
Income Tax
Income Tax
No denial of registration u/s 12AB based on potential commercial activity in the future
Income Tax
Income Tax
No addition for LTCG as property transfer u/s 2(47) required verification of buyer possession and receipt of consideration
Income Tax
Income Tax
AO must be satisfied that accommodation entries exist before proceeding u/s 148
Income Tax
Income Tax
Addition set aside as construction expense inadvertently mentioned as commission expense
Income Tax
Income Tax
Ground not addressed by CIT(A) cannot be taken up by ITAT: Delhi HC
Income Tax
Income Tax
Addition towards contribution to unrecognized provident fund rightly deleted
Income Tax
Income Tax
Provision for leave salary not allowable as deduction u/s. 43B(f): Madras HC
Income Tax
Income Tax
Invocation of revision proceedings after approval of resolution plan not justified: ITAT Ahmedabad
Income Tax
Income Tax
Order set aside as satisfaction note was recorded without application of mind: ITAT Delhi
Income Tax
Income Tax
Both the parties agreed to treat the addition as business receipts: ITAT directed AO to assess profit @ 8%
Income Tax
Income Tax
S.159 applies when reassessment notice was issued during lifetime of deceased assessee
Income Tax
Income Tax
Construction of new residential house to its existing residence qualifies for deduction u/s. 54F
Income Tax
Income Tax
ITAT Upholds disallowance of excessive loss claimed but Deletes Penalty
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.
