#income tax act 1961
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Prescribed income-tax authority for issuance of notice u/s. 143(2) includes ACIT/ DCIT: Delhi HC

Interest on delayed payment of custom duty deductible u/s. 37: ITAT Bangalore

Section 79 of Income Tax Act and Beneficial Ownership Explained

Provisions of 68 are not applicable on the sale transactions which is already credited in P&L: ITAT Jaipur

Application u/s. 119(2)(b) to be considered without adopting pedantic technical approach: Gujarat HC

ACIT/DCIT prescribed authority to issue Section 143(2) notice: Delhi HC

Addition u/s. 68 not sustained in absence of any unexplained amount in bank statement: Gujarat HC

Ex-parte order confirming addition remanded back as major cash deposits were prior demonetization

Show cause notice u/s. 148A in the name of deceased person untenable: Kerala HC

Disallowance of expense impermissible as it is not claimed in P&L: ITAT Surat

Non-payment of tax under Income Declaration Scheme cannot change character of income declared

Reassessment u/s. 147 not justified as reasons recorded is plagued with several defects: ITAT Delhi

CIT(A) Must Provide Reasoned Order and Fair Hearing: ITAT Jaipur

No Section 153A Additions if no Incriminating Material found during search: ITAT Jaipur
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.
