#income tax act 1961
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ITAT Mumbai: Reopening Beyond 3 Years Invalid – ₹6 Lakh Escapement Fails ₹50 Lakh Threshold

Section 148 Proceedings Invalid When Based on Previously Considered Information

Bogus Purchase Addition Deleted as AO Failed to Provide Evidence or Verify Transactions

Income Tax Proceedings Quashed as Notices Sent to Incorrect Email Address

No Reduction of 80-IA Deduction in 80HHC Computation Where Profits Are Distinct: Calcutta HC

Technical Delay in Form 10B Filing Not a Ground to Deny Tax Exemption: Madras HC

Silent Shift in Tax Audit Triggers: Section 63 vs Section 44AB

Depreciation Allowed on BOT Annuity Rights – Intangible Asset Recognised

On-Money Addition Deleted – No Evidence Beyond Third-Party Pen Drive & Statements

Capital profit from sale of Fixed Assets to be routed through P&L rather than directly taken to reserves

Revised ITR u/s 139(5) was allowed only for errors in the original return

ITAT Bangalore: GST Refund Not Taxable Under Exclusive Method; Double Addition U/s 143(1) Struck Down

Search on Others Can’t Extend Reassessment Limit Without Assessee-Specific Seized Material

Calcutta HC Orders Reply in 2 Weeks in 12-Year-Old Tax Appeal Delay Case
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.
