#income tax act
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Kerala HC Quashes Section 148 A(b) Assessment Order for Lack of Opportunity to be Heard

Profit Size Doesn’t prove Company Authenticity or Transactions in Penny Stock Cases

Section 80P(2)(d) Deduction eligible on Interest Income of Co-Op Societies from Investments in Unlicensed Co-op Banks

ITAT disallows cost of improvement incurred by Company for individual’s flat

No Section 14A Disallowance If Assessee Has No Exempt Income in the Year

No Time Limit for Existing Charitable Trusts to File Form 10AB: ITAT Pune

Reasons for reassessment must be specific, relevant & substantiated by tangible material

No Penalty for Excessive Depreciation Claim Due to bona fide Mistake

Mere allegations insufficient to disallow section 35-AC deduction: ITAT Mumbai

Audit Report Omission doesn’t Hinder Section 11 Exemption Claim: Ahmedabad ITAT

SC upholds order quashing section 148 notice issued after time lapse of 16 years

Possession of transport vehicles sufficient for Section 194C TDS exception

Protection from Recovery Proceedings is Incumbent Upon Direction to Pursue Alternate Remedy: HC

University of Kerala case: HC directs CIT(A) to Consider Appeal Delay Condonation
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.
