#income tax act 1961
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Matter remanded as higher addition u/s. 68 confirmed by ACIT as compared to addition alleged in notice

No rectification u/s 292B if Income Tax Assessment Order issued in the Name of a Non-Existent Entity

Business Activities by GPU Trust/NGOS Post Supreme Court Judgment

Disallowed Expenses While Calculating Profits & Gains of Business or Profession

ITAT Pune Invalidates Unsigned NFAC Order, Remands Case

CIT(A) cannot dismiss appeal on account of non-prosecution: ITAT remands Matter

Mere change of opinion on the part of AO is not a valid ground for reassessment

No Section 40(a)(ia) disallowance for delayed Form 15G & 15H submission

No penalty for higher gratuity exemption claim due to misunderstanding of law

Penalties should not be imposed for genuine errors or debatable claims: ITAT Pune

SC upheld Constitutional Validity of TOLA which Extends Income Tax Reassessment Time limit

Treatment of losses due to exchange rate fluctuation needs effective adjudication hence matter remanded

Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors (SC)

Notices issued through income tax portal only is not a valid service of notice: ITAT Chandigarh
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.
