#income tax act 1961
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Income Tax
Income Tax
Deduction u/s 80P(2)(a)(i) was allowable on interest income from surplus funds in Bank Deposits
Income Tax
Income Tax
Assessment u/s 147 on protective basis could not be made without a substantive assessment
Income Tax
Income Tax
Employee’s share in PF to be deposited as per due date fixed by EPF Act: Rajasthan HC
Income Tax
Income Tax
Revision order was remanded back for re-examination of assessee’s qualification as venture capital u/s. 56(2)(viib)
Income Tax
Income Tax
Excise duty refund under Incentive Scheme 2001 is capital receipt: ITAT Delhi
Income Tax
Income Tax
Initiation of prosecution u/s. 276B unjustified as TDS amount already paid with interest: Kerala HC
Income Tax
Income Tax
HC Remands Case to ITAT on Exchange Rate Loss for Assets Acquired in India Under Sections 43A & 37(1)
Income Tax
Income Tax
Benefit cannot be denied on the ground of non-functionality of TRACES Portal: Madhya Pradesh HC
Income Tax
Income Tax
Passing final assessment order beyond prescribed limit u/s. 144C bad-in-law: Delhi HC
Income Tax
Income Tax
Cost imposed on assessee for not responding during assessment and appellate proceedings: ITAT Bangalore
Income Tax
Income Tax
PIL Challenges Denial of rebate under Section 87A and Unjust Demand notices
Income Tax
Income Tax
Income Tax Notification No. 115/2024: No TCS on RBI Payments
Income Tax
Income Tax
Excess stock found during a tax survey should be treated as business income
Income Tax
Income Tax
ITAT allows guest house maintenance charges incurred to promote business activities
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.
