#income tax act 1961
Log in to FollowLatest income tax act 1961 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Reassessment cannot be based solely on reevaluating existing facts without new substantive material

No re-opening of assessment on mere change of opinion without nexus with original materials

Section 153A: No Additions Without Incriminating Material for Completed Assessments

Analysis of Section 87A and 115BAC(1A) of Income Tax Act, 1961

HC Sets Aside Section 148A Order: Officer Who Heard Didn’t Pass Order

AO not allowed sufficient time to reply: Karnataka HC quashes Assessment Order

Unsigned Excel Sheet Insufficient for Section 153C Proceedings without Corroboration

Subsidiary Cannot claim Expenses Related to Holding Company’s Project

Net profit rate of 8% on contract receipts was appropriate: Calcutta HC

ITAT Deletes Additions for Unexplained Cash Deposits Based on Submitted Evidence

Calcutta HC Allows Section 80-IC(2)(a)(i) deduction for pan masala without tobacco

Mere inadequate enquiry alone not justify Commissioner’s revisional jurisdiction

Section 11(1)(d) Exemption allowable to Corpus donations received by trust

Is Sumptuary Allowance to Judicial Officers Exempt from Income Tax?
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.
