#income tax act 1961
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Revisionary proceedings not illegal when assessee remained non-compliant in explaining his case

Deduction Denied for Unexplained Provision of Freight Expenditure & Labour Charges in Closing Stock

Unjustified Invocation of Revisionary Power of Section 263 When AO’s Conclusion Is Reasonable

TCS Credit Given to Person in Whose hand corresponding income is assessed to tax

Disallowance of net prior period expenditure debited under ‘prior period expenses’ unsustainable

Foreign travel expenditure incurred in connection with business cannot be disallowed

No addition on the basis of loose papers in absence of corroborative material

Late fees u/s 234E is effective only from 01.06.2015

Covid 19 & mere 2 days to reply notice is reasonable cause: Section 271(1)(b) deleted

Nature of Land at Agreement Time Determines Agricultural or Industrial Classification

Delhi HC Orders Re-Adjudication as Khadi Yarn Sale Income already offered to Tax

Addition u/s 68 towards unexplained cash credit unjustified as source of cash deposit proved

Subsidy from Government under Focus Market Scheme is revenue receipt

Bail to CA granted as professional generally acts on instruction of client
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.
