#income tax act 1961
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Part refund amount to be first adjusted towards outstanding interest: ITAT Mumbai

Penalty u/s. 271(1)(c) imposable as deduction claimed by furnishing inaccurate particulars: ITAT Ahmedabad

Accommodation entries in nature of bogus unsecured loans added as unexplained u/s. 68: ITAT Mumbai

No Section 271AAB Penalty as AO failed to link disclosed income with material found during search

Reopening of Assessment Based on Change of Opinion Unjustifiable: ITAT Ahmedabad

No Reassessment Without Reasoning to Support Income Escape Claim

Section 35: Auroville Foundation Recognized for Research Tax Benefits

Disallowance u/s. 36(1)(iii) unjustified as interest-free funds exceeds loan to subsidiary: ITAT Ahmedabad

Agricultural nature of land at time of sale determinative regardless of buyer’s intended use: ITAT Ahmedabad

Corporate Tax Compliance: A New Challenge for KMP

Deduction u/s. 80P inadmissible as return filed after due date prescribed u/s. 139(1): ITAT Ahmedabad

Cash deposit during demonetization period to be examined as per CBDT instructions: ITAT Bangalore

Disallowance u/s. 14A unwarranted as interest-free funds exceeds investment: ITAT Ahmedabad

ITAT Delhi Restores Appeal as CIT(A) failed to address Adjournments requests
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.
