#income tax act 1961
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Section 68 (unexplained cash credits), not applicable to purchase costs

Limitation not prescribed for compounding of offences committed u/s. 279(2)

Equalisation Levy: Taxing Digital Services for Global Commerce Growth

Erroneous Claim without Mens Rea Not Grounds for Section 276 Proceedings under Income Tax

Conspiracy being issue of fact can be proved/ disproved only during trial: Delhi HC

Section 43B: What’s New and Why It Matters & Impact on MSME Payments

ITAT Validates Section 69A Addition: Holding Funds for Extended Period Deemed Imprudent

Amendment in Section 43B of Income Tax Act, 1961: MSME Payment FAQs

Implications of Section 43B(h) of Income Tax Act, 1961

Recent Judgements of Supreme Court on Income Tax Issues

NCDs Redemption, No Income Escapement: ITAT Delhi Rules in Favor of BCP Singapore

Change of Opinion not Grounds for Income Escaping Assessment: Bombay HC

ITAT Directs Reassessment of Interest for Non-Performing Assets Loans

HC upheld reassessment as AO not sought information for multiple assessment years
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.
