#income tax act 1961
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Reopening of assessment without any fresh tangible material unsustainable

ITAT Orders Fresh Adjudication: Section 68 Addition without allowing cross-examination

Cash Deposit during Demonetization from Undisputed Source: ITAT Deletes Addition

Change of opinion impermissible under the grab of reopening u/s 147

Unsustainable Addition for Cash Sales when No Stock Discrepancy Detected

Section 263: Revisionary power cannot be initiated on the basis of audit objection

Addition u/s 56(2)(x) of Income Tax Act in casual manner unsustainable

Foreign tax credit eligible as form no. 67 filed before processing return

Disallowance of loss claimed u/s 41 in hypothetical way needs fresh examination

Disallowance Under Section 40(a)(ia) valid for Non-TDS on NBFC Interest

ITAT Mumbai Restores Set-Off Dispute: STCG vs. Non-STT Short-Term Capital Loss

Taxability of ‘Keyman Insurance Policy’

Disallowance of part of commission payment as business expenditure unjustified

Addition towards unexplained investment u/s 69 based on presumptions unsustainable
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.
