#income tax act 1961
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Assessee eligible for vacancy allowance under section 23(1)(c) for vacant commercial units

Contractor’s statement alone insufficient to establish a transaction as benami

Significant Economic Presence

Form 10F: Applicability, Requirement & Filing Process

Income Tax Implications of Converting Partnership/Proprietorship to Pvt. Ltd

No section 68 addition for Share Capital Subscription if assessee submits evidence for source of funds

No Section 54 Deduction Without basic Amenities: ITAT Delhi

Addition u/s 68 was justified as assessee’s failed to establish genuineness of transaction with cogent and credible evidence

Reasoned order of settlement commission cannot be interfered: Delhi HC

ITAT Dismisses Appeal Due to absence of Reasonable cause for 726-Day Delay

ITAT allows Section 80P(2)(a)(i) deduction on dividend from Chennai Central Co-operative Bank

ITAT Restores Case: Assessee Denied Opportunity to Cross-Examine Witnesses

Section 143(1) Assessment cannot be Reopened on Mere Suspicion: Bombay HC

Intricacies of Sections 153A, 153B & 153C: Key Conclusions of ACIT Vs Ojjus Medicare Pvt. Ltd
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.
