#income tax act 1961
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Income Tax
Income Tax
Reasons for reassessment must be specific, relevant & substantiated by tangible material
Income Tax
Income Tax
No Penalty for Excessive Depreciation Claim Due to bona fide Mistake
Income Tax
Income Tax
Mere allegations insufficient to disallow section 35-AC deduction: ITAT Mumbai
Income Tax
Income Tax
Addition under Section 68 Unjustified Without Falsity in Identity Documents: ITAT Delhi
Income Tax
Income Tax
Reassessment: Invalid if AO’s Belief Lacks Bona Fides, Is Vague and Arbitrary
Income Tax
Income Tax
Reassessment cannot be initiated based on insufficient, vague, or irrelevant materials
Income Tax
Income Tax
Audit Report Omission doesn’t Hinder Section 11 Exemption Claim: Ahmedabad ITAT
Income Tax
Income Tax
Reopening Based on Incorrect Grounds Invalidates Assessment: ITAT Mumbai
Income Tax
Income Tax
Deduction Eligibility: Compensation for Goods Destruction Pre-Sale Under Sec. 80IA/80IB
Income Tax
Income Tax
No addition for loan solely on statements obtained during search proceedings
Income Tax
Income Tax
All about Section 43B(h) of income tax act 1961 with illustrations
Income Tax
Income Tax
Discrepancies in KYC docs don’t constitute incriminating material: ITAT Mumbai
Income Tax
Income Tax
LTCG on Bogus Scrips Not Eligible For Section 10(38) Exemption: Ahmedabad ITAT
Income Tax
Income Tax
ITAT Deletes Hasty Addition made by AO, Citing Lack of Due Diligence
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.
