#income tax act 1961
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Assessment order violating directions of DRP is liable to be quashed

Reopening of assessment without any new information is unjustified

Education cess paid by assessee is not allowable as expense u/s. 37

Notice issued without sufficient reasons to initiate reassessment is not sustainable

Allowability of warranty provision in Income Tax Act, 1961

When Tribunal order directs designated authority to calculate disputed tax, same should be done without fresh examination

Reopening of assessment despite full & true disclosure of material facts is unjustifed

Denial of credit of TDS which duly pertains to assessee not permissible

Taxation of Black Money under Income Tax Act, 1961

Tax Aspects of a Slump Sale

How NRI can save TDS on selling immovable property in India

Section 43B: Payments made to Micro and Small Enterprises

Tax authorities must follow proper procedures for handling & preserving electronic data

Interest on late deposit of TDS is not allowable expenditure
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.
