#income tax act 1961
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Form 10BB FAQs (A.Y. 2023-24): Common Questions Answered

HC Emphasizes Procedural Fairness in Setting Aside Assessment Order

Delhi HC Quashes Order u/s 127 IT Act Due to Unconsidered Objection

Purchase of own shares comes within the ambit of dividend u/s 2(22) of Income Tax Act

Brand names being intangible assets are amenable to depreciation u/s 32(1)(ii)

Addition u/s. 69C unsustainable as nature of expenditure & source explained

No Income Tax Addition for Assessee Proving Source of Cash Deposits During Demonetization

Order dispatched beyond prescribed time limit is barred by limitation

Deeming section 69 doesn’t apply when source of surrendered income proved to be business income

Interest paid on delayed deposit of income tax not allowable as expenditure

Deduction u/s 80P(2)(d) available to cooperative society in respect of dividend received on shares of cooperative banks

Addition as unexplained cash deposits unjustified as source of cash deposit demonstrated

Overlooking of reply & Denial of sufficient time to respond: HC set-aside order

HC Directs De Novo Consideration Due to Tribunal’s Lack of Detailed Reasoning
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.
