#income tax act 1961
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Understanding Key Provisions of India’s Income-Tax Act, 1961

ITAT Deletes Cash Credit Addition Due to No Adverse Findings in remand report

Section 13(1)(b) applies at assessment stage; Section 12AB registration allowed

No Section 272A(1)(d) Penalty for Non-Compliance due to Consultant’s Failure to inform

ITAT Condones 2,330-Day Appeal Delay Due to CA’s Death and Covid

ITAT Mumbai Dismisses Tax Appeal Due to Revised Monetary Limit

Orissa HC dismissed petition for not having any substantial question of law

Section 143(1) is not considered an assessment by the AO for purposes of Section 147

TDS deducted but not deposited by employer cannot be demanded from employee: Delhi HC

ACIT/DCIT has jurisdiction to issue notice u/s. 143(2) of Income Tax Act: Delhi HC

No Penalty for Section 35(2AB) Disallowance if ITR filed before receipt of DSIR Certificate

‘Income from leasing of property’ was ‘Income From Business” not “Income from House property”

Goodwill is an intangible asset which is eligible for depreciation: Delhi HC

Penalty u/s. 271(1)(c) rightly set aside as AO not clear about applicability of particular limb
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.
