#income tax act 1961
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AOs failed to complete Assessment within time limit: Deposited Amounts cannot be retained

Direction of DRP should be followed by TPO for calculation of TP adjustment: ITAT Kolkata

Reopening of assessment u/s. 148 based on reason to suspect is unsustainable-in-law: ITAT Delhi

Tax Recovery Officer doesn’t have jurisdiction to declare sale of property as void: Madras High Court

ITAT directs AO to Re-Adjudicate disallowance of Demonetization Cash Deposits

Co-Op society eligible for section 80P(2)(a)(i) deduction on compulsory investment with Central Co-op Bank

Surplus doesn’t Bar Trust from seeking Section 10(23C)(vi) Exemption: Rajasthan HC

In Transfer pricing associated enterprises can be selected as a tested party: Calcutta HC

Reopening u/s. 148 merely based on investigation report is unjustifiable: ITAT Delhi

Retracted Statement Doesn’t Justify Treating Currency Derivative Loss as Bogus

Assessing Remedies: A Comparative Analysis of Appeals and Revisions for Taxpayers Under Income Tax Act, 1961

Indian Taxation System: Comprehensive Analysis

CBDT Amends India-Spain Double Taxation Avoidance Agreement (DTAA)

Order passed u/s 144(C)(1) of Income Tax Act to be construed as draft assessment order only: Madras HC
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.
