#income tax act 1961
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Protective Assessment Deleted as Assessee Not Found Beneficial Owner of Foreign Assets

Delay in Form 10-IC Condoned as Procedural Lapse Cannot Defeat Section 115BAA Benefit: Bombay HC

No Equalisation Levy on Google Ad Reimbursements as Services Were Provided to Foreign Subsidiary

Income Tax Assessment Orders Set Aside as Revenue Issued Demand Notice Along With Alleged Draft Order

Kerala HC Dismisses Section 14A Disallowance Appeal as No Exempt Income Was Earned

Section 194S: TDS on transfer of Virtual Digital Assets (VDA)

Share Buyback Taxation: Corporate Strategy After Budget 2026

Buy-Backs as Capital Reduction: Globe Capital Decision by Delhi HC

ITR for Directors & Partners: Forms and Due Dates for AY 2026-27

Transfer of Funds from a Superannuation Trust to NPS

No Double Taxation on Liability Write-Back: Delhi ITAT Deletes Section 41(1) Addition and Notional Interest Demand

Section 115BAA, Income Tax Act, 1961

For TP comparability, functional similarity and scale of operations were crucial; inclusion of low-turnover comparable was set aside

Karnataka HC Remands Reassessment Case as SC Directed Fresh Review After Section 147A Amendment
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.
