#income tax act
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Reassessment order set aside as passed without disposal of objections: Karnataka HC

Claiming deduction u/s. 80IA not necessary for invocation of section 92BA: ITAT Hyderabad

Section 153C Proceedings invalid in Absence of Incriminating Material: Delhi HC

Section 154 Rectification Allowed Despite Pending Appeal: Bombay HC

No Section 54B Deduction on Agriculture Land Purchased in Wife’s Name: ITAT Chandigarh

Trust Registration matter Remanded to CIT(E) for Lack of Notice & Service Details

Cash Deposits from Joint Bank Account Assessed to Primary Holder, Case Remanded for Verification

Rajasthan HC Dismisses Writ Petition for Non-Exhaustion of Statutory Remedies in Reassessment Case

ITAT Mumbai reduces bogus purchase addition to 5% for Ferrous Trader

Hotel Reimbursement of Marketing & Other Fees Not Fee for Technical Services

Only Profit Element in Bogus Purchases to Be Treated as Income: Bombay HC

Additions to Income Require Concrete Evidence, Not Mere Suspicion or Third-Party Information

PCIT Cannot Mandate Income Addition for Accommodation Entries Under Section 263: ITAT Ahmedabad

CBDT notifies ITR 1 and SUGAM (ITR-4) for FY 2025-26
Explore the latest income tax act 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.
