#income tax act 1961
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Income Tax
Income Tax
Writ to evade payment of statutory deposit during pendency of statutory appeal not permissible
Income Tax
Income Tax
Addition u/s 41(1) Upheld as Liability Ceased When Amount Written Off by Borrower
Income Tax
Income Tax
Additions on grounds not part of reasons recorded for reopening assessment is unsustainable
Income Tax
Income Tax
Non-granting of personal hearing even after specific request by assessee not justified
Income Tax
Income Tax
Interest received from co-operative bank deductible u/s. 80P: ITAT Ahmedabad
Income Tax
Income Tax
Absence of Faceless Assessment Invalidates Section 148 notice: P&H HC
Income Tax
Income Tax
Dispatch Register Entry Not Primary Evidence to Deny Section 154 Rectification
Income Tax
Income Tax
No further addition if no addition on the grounds for re-opening of assessment
Income Tax
Income Tax
Recourse u/s. 147 not prohibited if conditions of reopening u/s. 153C not satisfied
Income Tax
Income Tax
ITAT Ahmedabad Partially Upholds Unexplained Investment Addition
Income Tax
Income Tax
Additions towards penny stock based on concept of human probabilities not justified: ITAT Delhi
Income Tax
Income Tax
No section 68 addition merely for trading in penny stock: ITAT Mumbai
Income Tax
Income Tax
ITAT Dismisses Revenue’s Appeal Due to Tax Effect Below Rs. 60 Lakhs as per CBDT Guidelines
Income Tax
Income Tax
Waiver application rejected without addressing submissions not justifiable: Bombay 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.
