#income tax act 1961
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Tribunal set aside order ₹10,000 Cost on Revenue as CIT(A) dismissed appeal as time-barred despite extended deadline

DRP Directions Binding Once Uploaded: AO’s Timeline U/s. 144C(13) Clarified

Exemption u/s 11 & 12 denied ignoring extended date of filing: ITAT directed to consider extended date

Cost imposed for lack of diligence on part of assessee: ITAT Ahmedabad

Transfer of case to another AO without transfer order u/s. 127 untenable: ITAT Delhi

Matter remanded back to CIT (A) as there was failure to adjudicate issues u/s 148

Information uploaded by investigation wing doesn’t amount to handing over of material to AO: Delhi HC

Separate application for compounding of Income Tax offences by co-accused permissible: Delhi HC

Maintenance of books not required for filing ITR u/s 44AD-ITAT set-aside order u/s 263

CIT(A) granted all opportunity within 15 days: ITAT remanded matter to CIT(A)

Quashing of Section 263 Order Invalidates Consequent Proceedings: ITAT Ahmedabad

Claim u/s. 80IC allowed as establishment exists in eligible area: ITAT Ahmedabad

Addition towards unaccounted purchases restricted to 12.5% instead of 25%: ITAT Surat

ITAT deletes Addition, Applying retrospective Section 56(2)(x)(b) 10% Safe Harbour Limit
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.
