#income tax act
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Income Tax
Income Tax
Addition sustained on failure to produce evidence to support astronomical agricultural income
Income Tax
Income Tax
TUFS Scheme interest being capital receipt should be excluded while working out book profits u/s 115JB
Income Tax
Income Tax
Penalty u/s 271AAA leviable on failure to substantiate source & manner of undisclosed income
Income Tax
Income Tax
Deduction u/s 80IA eligible to effluent water treatment plant
Income Tax
Income Tax
Deduction u/s 80P(2)(a)(i)/ 80P(2)(d) not available on common interest earned from investment in co-operative banks
Income Tax
Income Tax
Secretion 32 – No condition of put to use once asset falls within a particular block
Income Tax
Income Tax
Notional interest not taxable as bank statement doesn’t show credit of any interest
Income Tax
Income Tax
Higher interest rate on unsecured loan taken for commercial expediency is admissible
Income Tax
Income Tax
Assessment order passed u/s 143(3) beyond time limit prescribed u/s 153 is time barred
Income Tax
Income Tax
Transfer of land as share of capital in AOP is taxable u/s 45(3) of Income Tax Act
Income Tax
Income Tax
Deduction u/s 10AA claimed in revised return cannot be disallowed
Income Tax
Income Tax
Deduction u/s 80P allowable only if claimed via valid return
Income Tax
Income Tax
Reassessing income without any incriminating material found during search is unsustainable
Income Tax
Income Tax
Deduction u/s 80HHE is allowed against gross total income
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.
