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Addition Treating LTCG as Bogus Based on Assumptions Not Sustained

Section 270A Penalty Unjustified Due to Lack of Tax Evasion Intent: ITAT Pune

Section 263 Revision Unjustified as Assessment Not Erroneous or Prejudicial to Revenue

AOP taxed at normal rates instead of maximum marginal rate as section 167B not applicable

Reopening Based on Insight Portal Data Without Independent Opinion Unsustainable

Audit Trails and maintaining a Log – Understand with a Scenario

Depreciation towards 3G spectrum charges allowable: ITAT Mumbai

PCIT empowered to cancel Section 12A Registration: Kerala HC

Analysis of Notifications and Circulars for Week ending 23rd March 2025

TDS on Non Resident Payments

No addition u/s 69B as seized quantity of jewellery was under the Limit prescribed by Circular No. 1916

Aadhaar-PAN linkage for Demat accounts is constitutionally valid

Analysis of Notifications and Circulars for Week ending 2nd March 2025

Sundry Debtors Not Unexplained Money Under Section 69A: ITAT Jaipur
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.
