#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.

Rule 11UA(2)(A) Doesn’t Mandate Valuation Report for NAV Method: Delhi ITAT

HC Upholds Deletion of Share Capital Addition Under Section 68

Excess stock found during survey is undeclared business income and not unexplained investment: ITAT Chandigarh

Compensation for unilaterally terminating certain obligation under agreement is business income: ITAT Mumbai

Addition u/s. 68 unsustainable as assessee duly discharged initial burden but AO failed to conduct independent inquires: ITAT Kolkata

Non-Entitlement to Section 11 deduction Doesn’t Preclude Expense Claim Against Gross Receipts

Section 68 not apply to outgo or payment on account of expenditure

Faceless Assessment Lapses Shouldn’t Prejudice Effective Administration: ITAT Kolkata

Fee under 234E Prospective from June 01, 2015: ITAT Chandigarh

Instructions to AO’s for initiating section 147 proceedings in I.T. e-Verification cases

ITAT Criticizes AO for Hasty 200% Penalty Imposition without application of Mind

Section 194A TDS Exemption for Individuals or HUF Below Taxable Slab

Interest expense on loans borrowed during the course of real estate and finance business is allowable: ITAT Delhi

Section 80G registration cannot be denied merely for Delay Due to Technical Glitches
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.
