#income tax act 1961
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SC Dismisses SLP Due to 124-Day Delay and Upholds Quashing of Reassessment

Analysis of 20% LTCG with Indexation vis-à-vis 12.5% Without Indexation

Denial of U/s 80G Approval to Educational Trust Held Unjustified – ITAT Directs CIT(E) to Grant Approval

Updated Return After Reassessment Notice Comes With Higher Tax Cost Because Additional 10% Levy Proposed

Delay of 50 Days in Filing Form 10B Condoned as Genuine Hardship Was Shown: Bombay HC

Depreciation disallowed as creation of goodwill in intra-group merger was colourable transaction

Reassessment Notice to Deceased Person Invalid Because Law Requires Notice to Legal Heirs

Assessment Void Because Notice Issued to Non-Existing Company After Merger: Bombay HC

Proposed Changes to the ITR-U Framework under Finance Bill 2026

Faceless Assessment Quashed for Denial of Personal Hearing Despite Written Request

Lookout Circular Set Aside Because Income Tax Proceedings Had Concluded and No Demand Was Pending

Delhi HC Directs Fresh Order on Section 244(1A) Interest on Income Tax refund Within 3 Months

Settlement Application Cannot Be Rejected Without Examining Manner of Deriving Undisclosed Income

Retraction of voluntary disclosed income without giving evidence of coercion not permissible
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.
