#income tax act 1961
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Income Tax
Income Tax
Addition u/s. 68 deleted in absence of any adverse incriminating material: ITAT Delhi
Income Tax
Income Tax
Accumulated profits u/s. 2(22)(e) to be computed after deducting depreciation as per income tax rules
Income Tax
Income Tax
Addition towards penny stock deleted as onus duly discharged: ITAT Mumbai
Income Tax
Income Tax
Contribution to PF doesn’t exceed 27% of salary and wages hence disallowance deleted: ITAT Ahmedabad
Income Tax
Income Tax
Commercial expediency not to be examined by AO while examining explanation provided u/s. 68
Income Tax
Income Tax
Mandatory CSR Expenditure allowable Under Section 80G: ITAT Delhi
Income Tax
Income Tax
Rate increase u/s. 115BBE from 30% to 60% effective only from 01.04.2017: Madras HC
Income Tax
Income Tax
Interest received from co-operative society/bank is deductible u/s. 80P(2)(d): ITAT Bangalore
Income Tax
Income Tax
Penalty u/s. 271(1)(b) imposable as no plausible explanation given for non-compliance of notices
Income Tax
Income Tax
Addition u/s. 69 not sustained since source of investment explained: ITAT Ahmedabad
Income Tax
Income Tax
Non-compliance to Appellate Authority hearing notices due to inadvertence condoned: ITAT Kolkata
Income Tax
Income Tax
Seized material used in assessment proceeding is to be shared with assessee: Karnataka HC
Income Tax
Income Tax
Non-assumption of jurisdiction u/s. 153C doesn’t oust recourse to section 147: Delhi HC
Income Tax
Income Tax
Non-response to notice due to bonafide reasons justified hence matter remanded: Karnataka HC
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.
