#income tax act 1961
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Reopening of assessment without tangible material is invalid

HC Quashes Section 276B Proceedings as TDS was already deposited & penalty proceedings were not initiated

HC directs appellant to file return pursuant to Section 148

No U/s. 153A Assessment Without Incriminating Material: Patna High Court

Attribution of profit unsustainable in absence of Permanent Establishment in India

AO cannot interpolate Salary for extra work on mere presumption of Monthly Payment

Profit from Sale of Agricultural Land Stock is exempt, Not Business Receipt: ITAT

Reopening of assessment after full and true disclosure of material facts unsustainable

Invocation of provisions of section 263 without satisfying twin condition is unsustainable

Assessment Under Sec. 143(3) Doesn’t Auto-Merge with 143(1) Intimation

Circumstances which may invite Notice U/s Section 133(6) of Income Tax Act, 1961

ITAT directs AO to correct arithmetical error in Section 10AA deduction computation

Mere Non-Appearance of Supplier Doesn’t Invalidate Transaction: ITAT Delhi

Exemption u/s 10(23C)(vi) denied as condition ‘solely for educational purposes’ not fulfilled
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.
