#income tax act 1961
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History of Income Tax in India

Stay granted is extended till disposal of appeal by CIT: Madras HC

Dismissal of appeal by CIT(A) unjustified as reason for non-payment of advance tax amount explained: ITAT Bangalore

Prosecution u/s. 276(C)(1) quashed in absence of any penalty provisions: Jharkhand HC

Suggestions for Simplification of the Income Tax Act

Taxation Perspective of Buy Back Shares

Section 80DD amendment introduced vide Finance Act, 2022 cannot be given retrospective effect

Appeal to High Court lies only when a substantial question of law is involved: Madhya Pradesh HC

Liability determined under DTVSV Act cannot be revised by Income Tax authority: Delhi HC

Addition based on observation by DCIT without independent inquiry by AO not sustained

ITAT Orders De Novo Consideration as CIT(A) Fails to Provide Reasons for dismissal of appeal

Tax Deduction Not Required for Remittances to Foreign Subsidiaries: ITAT Delhi

Gift from non-resident brother exempt from taxation: ITAT Mumbai

Disallowance of purchases without examining documentary evidences unjustifiable: ITAT Delhi
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.
