#income tax act 1961
Log in to FollowLatest income tax act 1961 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Disallowance of amount of employees’ share to ESI and PF after due date justifiable: ITAT Bangalore

No Reassessment Without Concrete Evidence on Loan Sources

Delayed filing of appeal condoned as tax cannot be collected without authority of law

Rejection of books of accounts unjustified as no discrepancy pointed out: ITAT Ahmedabad

Interest earned from deposit of grant not includible if income is remitted back to government

Penalty order passed beyond time period framed u/s. 275(1)(c) untenable: Delhi HC

GST amount do not form part of receipts for computation of income u/s. 44BB: ITAT Mumbai

Leave Encashment after resignation – Taxable or Exempt?

LTCG on Penny Stocks: Report Not Before AO Can’t Make Order Prejudicial to Revenue

LTCG on sale of shares: Addition based on mere generalized reports & conjectures not sustainable

Income Tax Rule 2BBB Applies Prospectively from AY 2015-16: ITAT Ahmedabad

Delay of more than 10 years condoned as tax liability fastened without authority of law: ITAT Hyderabad

Bombay HC Condoned Delay in Filing Income Tax Return Due to Genuine Reasons

Income from AOP/BOI Included in Taxable Income; Post-Tax Share Not Subject to Re-Taxation
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.
