#income tax act 1961
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Leave Encashment Limit Enhanced, Full ₹13.12 Lakh Exempt Allowed

Notice Issued Via ITBA After 01-04-2021 Triggers New Reopening Law

CBDT Grants Income Tax Exemption to Mussoorie Dehradun Development Authority

No Lack of Enquiry in Loan Verification, PCIT Revision Fails

Section 11 Exemption Allowed Because Late Form 10B Is Procedural

Disallowance of interest upheld as documentary evidence proving availment of housing loan not provided

TP adjustment matter remanded due to mistake committed in computation of margins of comparables

Capital gain to be offered in the year of execution of sale deed: Exemption u/s. 54 allowed

Bank Deposit Additions Need Proof, Not Presumptions

Bogus Purchases Must Be Taxed Under Section 69C, Not 37(1)

Section 263 Quashed Where Assessing Officer Conducted Proper Enquiry

Recovery by income tax department prior to conclusion of trial under PMLA is erroneous in law

Transfer of case u/s. 127 to centralize assessment of all connected persons is justifiable

Wrong Route Chosen: Section 147 Fails Where 153C Alone Applies
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.
