#income tax act 1961
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Orissa HC Directs Re-evaluation of MSME RFP Rejection by Odisha I&PR Dept

P&H HC Sets Aside Section 148 IT Notices Without Faceless Assessment

Tax Clearance Certificate and Loan against shares

CBDT notifies Monetary Limits for Interest Waiver under Section 220(2)

Unsecured loans proved to be genuine hence disallowance of interest u/s. 36(1)(iii) deleted

LTCG exemption cannot be denied for mere suspicion without concrete evidence

Section 56(2)(vii)(b) Addition without reference to valuation officer’s is legally unsustainable: ITAT Lucknow

TAT Mumbai Finds DRP’s Summary Rejection Unjustified

Assessment to be made under Section 144, not 143(3), for defective returns: ITAT Delhi

ITAT restricts addition for commission on accommodation entries to 0.15%

ITAT Dismisses Revenue’s Infructuous Appeal in Krishi Utpadan Mandi Case

ITAT Restores LTCG Addition from Penny Stock to CIT(A) for Reevaluation

ITAT Quashes IT Assessment for Reopening Beyond 3 Years Without Sec. 151 Approval

Non-compliance due to CA’s failure: ITAT Ahmedabad remands case for verification
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.
