#Section 61
Log in to FollowLatest Section 61 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Foreign Asset Deemed Acquired in Year of Section 10 Notice: Karnataka HC

Subsequent Typographical Correction Does Not Restart IBC Appeal Limitation: NCLAT

Delhi ITAT: No Express Irrevocability Clause Cannot Deny 12AB/80G Renewal

SARFAESI Trust Income Taxable in Hands of SR Holders as Trust Was Revocable: ITAT Mumbai

Writ not entertained since alternative remedy of approaching NCLAT available

Liquidator has power to evict subsidiaries occupying corporate debtor’s assets: NCLAT Delhi

Demand notice u/s. 13(2) of SARFAESI is valid notice of invocation of guarantee

Contract Termination not triggered by insolvency is not barred by moratorium u/s. 14 of IBC: NCLAT Delhi

Securitisation trust are revocable within meaning of section 63 of Income Tax Act

Threshold criteria applies only at the time of filing section 7 application under IBC

Overtime Wages Must Include Allowances Under Factories Act: SC

Writ jurisdiction under Article 226 not exercised in absence of any perversity: Delhi HC

Resolution profession required to repossess shares held in any subsidiaries of Corporate Debtor

Advance to Corporate Debtor for sharing profit in real estate project doesn’t qualify as financial debt
Explore the latest Section 61 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.
