#income tax act 1961
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Section 276CC Prosecution: Appellate Proceedings Irrelevant but Wilful Failure to Furnish Returns Must Exist

Receipt from hotel owners for providing various centralized services cannot be treated as FIS

State Government Loans not attracts Section 43B(d) disallowance: ITAT Pune

Advance for Flats: Recognizing Revenue on Risk Transfer & Buyer’s Transfer Rights- ITAT

TDS/TCS Compliance in Government Transactions: A Case Study of Sections 194C and 206C(1H)

HC Quashes Reassessment Notice: Approval Granted Without Application of Mind

Interest & Dividend from Investments between Co-op Societies Eligible for Section 80P(2)(D) Deduction

No Section 271D Penalty for Cash Loans from Close Relatives: Reasonable Cause

Addition on account of bogus purchases should be limited to profit margin involved therein: ITAT Mumbai

ITAT Deletes Cash Deposit Addition; Source Linked to Property Sale Advance received by father

Gratuity Insurance rules 2024 notified by Government of Karnataka

Reopening of assessment u/s. 147 based on change of opinion is unsustainable-in-law: Bombay HC

Management Service Fees paid to non-resident AEs is Deductible Expenses

Section 14A Disallowance cannot exceed Exempted Income: ITAT Bangalore
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.
