#income tax act 1961
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Accounts Resignations in Remote Location is Genuine reason for ITR Filing Delay: Orissa HC

Objections Filed Before Wrong AO by Mistake Can’t Defeat Right to DRP Adjudication

Demerger Loss Carry Forward: Sec 72A(4) Applies; PCIT Revision Using Sec 72A(2) Conditions Invalid

Seized Jewellery Must Be Released After Full Tax Settlement: Gujarat HC

Reassessment Order Quashed for Granting Less Than Statutory Time to Reply

Calcutta HC Upheld Income Tax Reassessment as Earlier Order Formed No Opinion

ITAT Cannot Deny Stay Jurisdiction Due to Absence of Demand: J&K High Court

Section 153C Assessment Quashed for Undated Satisfaction Note & Two-Year Delay

Transfer Pricing Appeal Dismissed Due to Functional Dissimilarity of Comparables

Stay on Income Tax Demand Denied After Instalment Request to AO

Delhi HC Quashed Reassessment Due to Vague Section 148A Show Cause Notices

Tribunal Remand Becomes Infructuous Due to Expiry of Time Limit for Reassessment

Rectification Order Invalid as CPC Didn’t Issue Prior Intimation for Defective Form 3CD: Madras HC

Section 263 Revision Fails Due to Proper Inquiry by Assessing Officer: SC
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.
