#income tax act 1961
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TCS Cannot Be Collected on Illegal Mining Compounding Fees: Chhattisgarh HC

Delhi HC Declines to Entertain Writ Due to Lack of Territorial Jurisdiction in DSIR Tax Benefit Dispute

Calcutta HC Denies Section 12AB Exemption as Microfinance Activities Had Commercial Elements

ITAT Deletes Section 68 Addition as Customer Advances Were Regular Business Receipts

Telangana HC Quashes Reassessment by Jurisdictional AOs After Faceless Scheme Implementation

Section 68 Addition Deleted – ITAT Says Investigation Wing Report Alone Cannot Prove Bogus Share Capital

Gujarat HC Quashes Reassessment Due to Vague Loose Papers on NA Land

Delhi ITAT Quashes Reassessment for ‘Reason to Suspect’ – Cash Deposits Alone Can’t Justify Reopening

No Section 40(a)(ia) Disallowance for Short TDS Deduction When Payee Has Paid Tax: Bombay HC

No 271D Penalty Without Clear Finding of 269SS Violation: ITAT Deletes ₹1 Crore Penalty

U/s 153C Assessments Quashed – Mere Seized Material Not Enough Unless AO Shows Its Bearing on Total Income

Criminal Case Quashed as Former Director Had Resigned Before ITR Filing Default

Assessment Upheld as Material Seized in Search Can Be Used Even if Search Is Later Challenged

Kerala HC Upholds Rejection of Delayed Income Tax Refund Claim Due to Five-Year CBDT Limit
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.
