#income tax act 1961
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Addition confirmed by CIT(A) by passing ex-parte order needs fresh consideration: ITAT Visakhapatnam

CIT(A) directed to condone delay as it is alleged that addition is based on incorrect reporting by auditor

Reversal of provision of inventory written off due to obsolescence allowed: ITAT Bangalore

Deemed rent u/s. 23(1)(a) not invocable as property leased out for continuous long period

Weighted deduction u/s. 35(2AB) allowed as amount from DSIR qualifies as soft loan: ITAT Vishakhapatnam

Source of capital investment explained hence addition u/s. 68 not sustained: ITAT Visakhapatnam

CBDT Notification on Income Tax Exemption for PNGRB

Revamp of Income Tax Act 1961: Key Updates for Taxpayers

Foreign Tax Credit eligible for taxes withheld in Japan: ITAT Mumbai

Dismissal of appeal due to non-prosecution without adjudicating matter on merits unjustified: ITAT Ahmedabad

Addition u/s. 68 remanded back with direction to file all documents explaining source of cash deposits

Deduction u/s. 80P eligible to cooperative society on interest received from investment in banks

Revisionary jurisdiction u/s. 263 not invocable when AO took legally plausible view: ITAT Ahmedabad

Payment by Google Ireland not in nature of royalty is not taxable in India: ITAT Bangalore
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.
