#income tax act 1961
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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
Income Tax
Income Tax
Taxation of Alternate Accommodation during Redevelopment – Simplified
Income Tax
Income Tax
Brought forward unabsorbed depreciation can be set-off against income from other sources allowed
Income Tax
Income Tax
Denial of TDS credit to deductee because of non-payment by deductor is untenable
Income Tax
Income Tax
Business profit not taxable in India in absence of any permanent establishment
Income Tax
Income Tax
Addition u/s 68 untenable as AO failed to conduct independent investigation
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.
