#income tax act 1961
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Revision u/s. 263 justified as AO granted relief without adequate inquiry into claim: ITAT Mumbai

Section 292BB cannot cure non-issuance of notice u/s. 143(2): Delhi HC

Reassessment of Alleged Bogus LTCG/STCG Remitted for Source Investigation

Matter remanded to CIT(A) as new evidences furnished for section 54f exemption

Reassessment Order Set Aside for Fresh Probe into Employee Cash Transactions

Disallowance u/s. 56(2)(viib) sustained due to wide fluctuation in value of share within same year

Denial of benefit u/s. 115BAC for delayed filing of form no. 10IE not justified

Deduction u/s. 37(1) allowable towards ESOP expense since it is not contingent or notional

New liability fastened after approval of resolution plan would palpably be illegal

Filing requirement of Form 10IC for benefit u/s. 115AAB becomes irrelevant in subsequent year

Initiation of reassessment proceedings against dead person illegal: Kerala HC

Assessee’s computation of expense for exempt income not found inadequate so recourse to rule 8D invalid

Denial of registration u/s. 12A and 80G without considering reply not tenable: ITAT Delhi

Matter was remanded back with respect to addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A
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.
