#income tax act 1961
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Income Tax
Income Tax
ITAT Restores Unexplained Investment Addition Due to Assessee’s COVID-19 Data Challenges
Income Tax
Income Tax
Recovery Proceedings: Kerala HC directs CIT to Decide Appeal in 2 Months
Income Tax
Income Tax
Renovation & refurbishment of hotel rooms & other facilities are revenue expenditure
Income Tax
Income Tax
Capital Gain on transfer of Securities and its taxation
Income Tax
Income Tax
No TCS on transaction of purchase of coal which is to be used in generation of power
Income Tax
Income Tax
Receipts taxable under FTS/FIS on failure to prove basis of cost allocation
Income Tax
Income Tax
Invocation of section 263 unjustified as order passed after considering information
Income Tax
Income Tax
Addition towards LTCG sustained as no documentary evidence of lower sale consideration furnished
Income Tax
Income Tax
Amendments to Audit Reports for Charitable Trusts & Institutions
Income Tax
Income Tax
Condonation of inordinate delay of 191 days without justifiable reason not granted
Income Tax
Income Tax
Rejection of valuation as DCF method was not there in rule 11UA on date of issue of shares unjustified
Income Tax
Income Tax
Addition u/s 68 towards unexplained unsecure loan unsustainable as onus duly discharged
Income Tax
Income Tax
Penalty u/s 270A unsustainable as non-declaration cannot be equated as underreporting of income
Income Tax
Income Tax
Tax Implications of Bank Loan Waivers: Finance Bill 2023 Changes
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.
