#income tax act 1961
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Income Tax
Income Tax
Assessment proceedings based on invalid notice is liable to be quashed: ITAT Kolkata
Income Tax
Income Tax
Notice issued in name of dead person wouldn’t be valid by subsequent participation of legal representatives
Income Tax
Income Tax
Section 50C doesn’t applicable while calculating WDV for claiming depreciation on block of asset
Income Tax
Income Tax
Benefit of DTAA available to services which doesn’t include element of make available technology
Income Tax
Income Tax
Income Tax: No Section 201(1A) Interest if Lower Deduction adjusted in later months
Income Tax
Income Tax
Cost imposed as order issued u/s. 143(3) wrongly challenged assuming it as draft assessment order u/s. 144C
Income Tax
Income Tax
Disallowance u/s. 14A unjustified since own funds available more than investments made: ITAT Ahmedabad
Income Tax
Income Tax
Gross receipts calculation for section 44AD includes duty drawback: ITAT Kolkata
Income Tax
Income Tax
Addition u/s. 68 set aside as no allegation of assessee’s involvement in price rigging/ increase
Income Tax
Income Tax
Addition u/s. 68 not sustained as cash deposited out of business receipts: ITAT Mumbai
Income Tax
Income Tax
CBDT relaxed time period for application for regular approval of fund u/s. 80G(5): ITAT Surat
Income Tax
Income Tax
Assessment of other incomes not forming part of reasons for reassessment untenable: Delhi HC
Income Tax
Income Tax
TDS Credit Allowed if Employer Deducted but Didn’t Deposit: Orissa HC
Income Tax
Income Tax
Regular assessment cannot be revisited under Section 153C in absence of incriminating evidence
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.
