#Section 144B
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Forex Gains from Trading Transactions Count as Operating Income in TP Adjustment

Invoking section 263 in guise of difference of opinion not justifiable: ITAT Mumbai

Orissa HC Voids NFAC Order, Cites 7-Day Notice Violation under Section 144B

Notice U/S 148 Invalid if issued Without Proper Section 151 Sanction: Delhi HC

Aggregate annual receipts below specified limit hence exemption u/s. 10(23C)(iiiad) cannot be denied for belated return

ITAT Chennai Grants Another Opportunity to Substantiate Cost of Improvement Claim

Addition towards bogus capital gain sustained as price rise in share artificially manipulated

Revision u/s. 263 not justified as plausible view taken by AO: ITAT Mumbai

Only Investments Yielding Exempt Income has to be Considered for Rule 8D: ITAT Delhi

Mere Lack of GST registration of payees insufficient to disallow business expenses

ITAT remands unexplained money case; AO failed to specify transaction details

Madras HC Stays Income Tax Penalty till disposal of Assessment Appeal

Section 148 Notice Invalid: Jurisdictional AO Issued, Faceless Unit Assessed

Reassessment set aside as objections not dealt in accordance with GKN Driveshafts principle
Explore the latest Section 144B 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.
