#income tax act 1961
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Section 57 Deduction Allowable for Interest Expense Incurred to Earn Income from Other Sources: ITAT Raipur

Section 80IA Benefit not allowed when Income Tax return filed belatedly: ITAT Nagpur

PCCIT Approval Without Application of Mind Invalidates Section 148A(d) Order: Delhi HC

Calcutta HC Stays Income Tax Notice Under Section 148

Non-compliance with specified authority’s approval requirements invalidates assessment order

HC Dismisses Revenue Appeal; As no Question of Law Arising from Tribunal’s Order

ITAT Dismisses Appeal as Infructuous Following NCLT Approval of Resolution Plan

Granting response time of less than seven days results into breach of principles of natural justice: Bombay HC

Investment by firm allowable as deduction u/s. 54G to partner as per his partnership share: ITAT Rajkot

Notice initiating fresh assessment set aside as issued beyond prescribed time limit: Delhi HC

Deduction u/s. 80IA(4)(i) allowed to sole developer for developing, operating & maintaining infrastructure facilities

Penalty u/s. 271(1)(c) not leviable for voluntary surrender of income in good faith: ITAT Hyderabad

DDT cannot be demanded from recipient of interest income: Delhi HC

Addition towards unexplained cash credit u/s. 68 unwarranted as already declared and taxed as sales: ITAT Ahmedabad
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.
