#income tax act 1961
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Section 154 not invocable for Rectification of Debatable Issues: ITAT Delhi

Attachment of Cash Credit or Overdraft untenable as bank doesn’t become a debtor: Himachal Pradesh HC

Nature and source of cash deposits in bank not substantiated hence addition confirmed: Chhattisgarh HC

Alleged amount less than limitation for reopening assessment hence proceedings quashed: ITAT Ahmedabad

Appeal Non-Maintainable – Lower Tax Effect – Circular 9/2024: Rajasthan HC

CBDT Forms Committee to Review Income-tax Act, Invites Suggestions via E-filing Portal

Section 254 Allows ITAT to Entertain New Claims, But Power Must Be Exercised During Hearings: SC

Merely Writing I am Satisfied” Not Valid Approval for Section 148 Notice

Reassessment u/s. 148 in contravention of provisions of section 151 bad in law: ITAT Mumbai

Disallowance u/s. 14A without recording proper satisfaction untenable: ITAT Cochin

Denial of permanent registration to existing trust on allegation of belated application unjustified

Digital Taxation & Tax Compliance: Challenges and Embracing Technology

Case Analysis: Kakadia Builders Pvt Ltd Vs ITO (SC) on Settlement Commission

Analyzing India’s High Direct Tax Rate and Low Yield
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.
