#income tax act 1961
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Taxation of shipping companies operating in international waters & applicability of India-Singapore DTAA

Addition u/s. 69A without proper examination of books of accounts unjustified: ITAT Ahmedabad

Depreciation on right to collect toll on roads developed on BOT basis ineligible: ITAT Mumbai

PCIT cannot expand scope of assessment beyond reasons recorded by AO during reassessment

Discount on issue of ESOP is allowable deduction: Karnataka HC

Severance compensation is capital receipt & not chargeable to tax u/s. 17(3): ITAT Ahmedabad

Assessee having center of vital interest in India is treated as resident of India: ITAT Mumbai

Applicability of section 13 during registration stage u/s. 12A unjustified: ITAT Ahmedabad

CBDT notifies amendment to Form No. 10A and Form No. 10AB

Madras HC Dismisses Revenue Appeal against Stay order as stay order already expired

Registration u/s. 12A and 12AA granted to society imparting vocational training: Punjab & Haryana HC

Assessee’s Status as Non-Specified Person Cannot Justify Section 69A Addition

CIT(A) Cannot Dismiss Appeal on Limitation After Condoning Delay: ITAT Bangalore

Claim of depreciation on metro project to collect fare being intangible asset allowed: ITAT Delhi
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.
