#income tax act 1961
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Income Tax
Income Tax
No addition for Bogus purchases if CESTAT ruled that purchases were not bogus
Income Tax
Income Tax
Deduction u/s. 80IA granted unit-wise without considering profit or loss of other eligible units: ITAT Ahmedabad
Income Tax
Income Tax
Proportionate computation of capital gains related to stock-in-trade sold during relevant year on conversion of capital asset into stock-in-trade
Income Tax
Income Tax
Bank’s Claim for non- rural bad debt write off u/s 36(1)(vii) was allowable without adjusted against provisions for bad and doubtful debts.
Income Tax
Income Tax
Monetary Limit Circular: Karnataka HC Upholds Deletion of Disallowed Short Term Capital Loss
Income Tax
Income Tax
TDS payment default Prosecution: HC directs consideration of Petitioners replies
Income Tax
Income Tax
Karnataka HC Quashes Ex-Parte Income Tax Order Due to CA Absence
Income Tax
Income Tax
Circulars Can Only Supplement Statutory Provisions, Sets aside Contradictory Income Tax Order
Income Tax
Income Tax
Revenue authorities lack jurisdiction to question commercial wisdom of taxpayer
Income Tax
Income Tax
Revision order u/s. 263 sustained as assessment made without proper enquiry: ITAT Delhi
Income Tax
Income Tax
Profits estimated at 10% of contractual receipts hence no separate disallowance u/s. 40A(3) or 40(a)(ia) warranted: ITAT Chennai
Income Tax
Income Tax
Section 115BBE Not Applicable to Income Business Income: ITAT Jaipur
Income Tax
Income Tax
Concession rate benefit u/s. 112 not available on short term capital gain computed u/s. 50: ITAT Mumbai
Income Tax
Income Tax
Addition based on unsigned, undated and unstamped sale and purchase agreement untenable
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.
