#income tax act 1961
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Assessment must be completed u/s. 144 when books of accounts are rejected u/s. 145(3): ITAT Jaipur

Addition based on notional entry without actual transfer of asset unsustainable: ITAT Raipur

Reassessment action based on wholly erroneous view is liable to be quashed: Delhi HC

Software license expenditure for carrying out routine operations is revenue in nature: ITAT Mumbai

Passing of fresh assessment order beyond time prescribed u/s. 153(3) cannot be sustained: Delhi HC

Due to short gap between three notices CIT(A) directed to give one more opportunity of being heard

ITAT deletes Bogus Purchase Additions as Purchase Legitimacy proved

Jurisdictional error raised by appellant not addressed: Calcutta HC Stays Section 148 Notice

PCIT’s Revision Jurisdiction Time-Barred: Two-Year Limit Starts from Original Assessment, Not Reassessment

CA Wife’s Health Not Grounds for condonation of Delay in Filing Appeal: ITAT Vizag

Trust granted one more opportunity to represent correct fact for registration u/s. 12AB of Income Tax Act

Proceedings u/s. 153C should be initiated based on material found at premises of another company

Amendments In Income Tax Act 1961 through Finance Act, 2024

Order u/s. 263 passed on issues not covered in show cause notice untenable: 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.
