#income tax act 1961
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General order of approval by PCIT for action u/s. 147/148 invalid: Delhi HC

Cash Accounting: TDS Credit Allowed in year the Income is Received & offered for taxation

ITAT directs AO to verify & grant TDS credit as per the income reflected in Form 26AS

New Dwelling Unit on First Floor of Existing House: ITAT Allows Section 54F Deduction

Amount received for not carrying out any activity relating to business taxable as business income: Kerala HC

Addition of value of shares granted under Employees Stock Purchase Scheme as perquisite not sustained

ITAT Jaipur Allows Section 80P Deduction on Interest Income

Notice u/s. 148 cannot be issued after expiry of four/six years: Delhi HC

Assessee entitled to deemed Section 12AB registration if application not disposed off in 6 months

Income Tax: New Guidelines for Filing application under section 10(46A)

Interest Income Linked to Business, cannot be treated as other income

Section 2(22)(e) Deemed Dividends Taxed Only in Shareholders’ Hands: Calcutta HC

Calcutta HC Upholds ITAT’s Decision Granting Relief to Trust Despite Late Audit Report Submission

HC upholds deletion of ₹13.56 crore Section 68 addition of share capital & premium
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.
