#income tax act 1961
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Despite Scrutiny Assessment Reassessment Valid if Notice Issued Within Time Limit & if income escaped assessment

Exemption u/s 10(23C) Can’t Be Denied if AO Fails to Notify Authority on Contravention

Non-intimation to AO before removal of company’s name from ROC, assessment was valid even if passed in name of non-existent entity

Date of agreement should be used for computing sale value for Section 50C

New Slabs of Income Tax For Assessment Year 2024-25 And 2025-26

Matter referred to valuation officer but addition made without awaiting valuation report unsustainable

Denial of refund as tax deducted by Land Acquisition Collector not reflected in Form 26AS unjustified

Matter rightly transferred to jurisdiction of place of business were incriminating material seized: Madras HC

Order based on information not furnished to assessee for explanation is against principles of natural justice

Section 263 Revision Untenable Without Proving Assessment Order’s Error & Revenue Prejudice

No Violation in Payments to Persons u/s 13(3) if Trust Predates Act & Follows Trust Deed

Section 271E penalty Initiation without recording reasons unsustainable: Madras HC

Enquiry Report Against Assessee Quashed due to Procedural Lapses Under Regulation 17(5) of CBLR, 2018

Reopening concluded assessment jurisdictionally not sustainable: Delhi 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.
