#income tax act 1961
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There cannot be any excuse for not filing counter affidavits: Madras HC

Rent from factory building taxable under the head income from house property: Delhi HC

Assessee Not Required to Submit Separate Written Retraction Under Section 133A

Understanding Deemed Dividend Under Section 2(22) of Income-tax Act, 1961

Damages is capital receipt but interest on damages is revenue receipt: ITAT Delhi

Section 80P(2)(d) Deduction Allowed for Interest from Co-operative Bank Deposits

Departmental Officers Can Seek Interim Custody of Seized Currency Notes: Kerala HC

Aircraft Leasing Revenue Not Taxable Under India-Ireland DTAA: Delhi HC

No Retrospective Application of 2022 Amendment to Section 14A

Amount Received from US Broadcasting Company Not Taxable as “Royalty” Under India-US DTAA

Interest u/s. 234A waived as circumstances beyond assessee’s control disabled timely return filing

Reinitiating reassessment on same set of reasons on which assessment already concluded is unsustainable

Interest calculated solely on Trade Receivables for ALP Determination was unreasonable

No Section 153A Assessment Without Incriminating Evidence: Karnataka HC
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.
