#income tax act 1961
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Excess interest charged due to wrong due date deleted: ITAT Delhi

Reassessment quashed as reasons supplied to assessee & to higher forum were not same

Addition u/s. 69 on protective basis not justified as genuineness of transaction established

No Section 54 Exemption for Plywood Structures: Delhi HC

Income Tax Rules Amendment: Safe Harbour for Diamond Sector

Taxability of Black Money under Income Tax Act 1961

Minor Tax Shortfall Doesn’t Bar Vivad Se Vishwas Benefit: Kerala HC

Compensation for cancelling allotment due to non-delivery in time is capital receipt

GST not includible while computing presumptive income u/s. 44B: ITAT Mumbai

Matter remitted to CIT(A) as condonation application dismissed without considering reasons

Order u/s. 201(1) passed beyond prescribed time limit untenable: ITAT Delhi

Section 194N TDS Exemption for Foreign Diplomatic Entities in India

CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

Income Tax Section 179 not applies to public limited companies: Rajasthan 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.
