#income tax act 1961
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Income Tax Section 10(46) exemption – Rabindra Setu Commissioners

Reassessment proceeding quashed as reasons for reopening doesn’t coincide with addition made

Transfer of assets of proprietary concern to succeeding company exempt as covered within section 47(xiv)

Addition u/s. 68 based on presumptions and concept of human probability not sustainable: ITAT Delhi

Reopening based on same material on which assessment order was passed is impermissible

Failure to respond to Income Tax Notice was accepted considering Pathology Reports submitted by assessee

Application to Settlement Commission before 01.02.2021 not hit by provision of section 245C(5)

Interest from borrowed funds which temporarily held in interest bearing deposit is capital cost: Delhi HC

An intangible property cannot constitute a Permanent Establishment: Delhi HC

Deduction u/s. 80IA(4) not admissible to assessee collecting and transporting solid waste

No denial of FTC claim due to procedural delay in filing Form 67

Once the assessment framed disallowed/ added interest expenditure, principal can not be enhanced: ITAT Delhi

Income Tax Notification No. 131/2024: Approval for Scientific Research

Incorrect legal advice: HC condones delay in 55 days in ITAT Appeal
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.
