#income tax act 1961
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CBDT notifies Transfer of Asset Between NLCIL & NIRL – Section 47(viiaf)

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

Case Remanded for Fresh Consideration Due to Non-Appearance Before CIT(A)

Allowing Premature Redemption of Sec 54EC Bonds Beyond Court Scope: HC

Appeal dismissed as approving authority approved assessment order as per section 153D: ITAT Delhi

No addition with regard to closing balance of old loan can be made u/s. 68: ITAT Surat

Amount transferred to statutory reserve as per RBI Act not deductible from assessable income

NFAC and Jurisdictional Assessing Officer hold concurrent jurisdiction: Delhi HC

Section 115BAB benefit allowed if commencement of manufacturing for subsequent year proved

Transfer Pricing Adjustments: Under-Reporting & Misreporting

Recovery action against directors of non-existent company not justified: Madras HC

Interest u/s 244A Not Applicable for TDS Deposited Under Wrong PAN

Delay in filing of an appeal before CIT(A) condoned as sufficient cause shown: ITAT Delhi

Reassessment notice under section 148 served after date of limitation is bad-in-law: ITAT Kolkata
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.
