#income tax act 1961
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Income Tax
Income Tax
Revisional jurisdiction u/s 263 not invocable merely because PCIT may entertain different view
Income Tax
Income Tax
Disallowance invoking section 40A(2)(b) unsustainable as hire charges paid not proved as unreasonable and excessive
Income Tax
Income Tax
Income from license of Build-Operate-Transfer project taxable as business income
Income Tax
Income Tax
Rent including service tax paid for the business purpose is allowable u/s 30
Income Tax
Income Tax
Indexed cost of development not allowed on failure to substantiate the claim
Income Tax
Income Tax
Forfeited amount is deductible from cost of acquisition at the time of actual transfer of asset
Income Tax
Income Tax
Addition u/s 69C merely because assessee dealt with suspected scrips is unsustainable
Income Tax
Income Tax
Section 40A(3) not applies to cash payments deposited in bank account of payee
Income Tax
Income Tax
Addition u/s 69C sustained as search in group concern proved maintaining of books of accounts outside regular books
Income Tax
Income Tax
Addition of unexplained closing cash balance unsustained as cash was generated from agricultural activity
Income Tax
Income Tax
Addition u/s 69 based on loose papers sustained on failure to contradict facts found during search
Income Tax
Income Tax
Borrowing funds at higher rate & lending to director shows diversion of funds for non-business purpose
Income Tax
Income Tax
Genuineness of unsecure loan repaid via banking channel cannot be doubted based on surmises
Income Tax
Income Tax
Addition unsustainable as identity and creditworthiness of investor company duly proved
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.
