#Section 147
Log in to FollowLatest Section 147 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Capital Gains Recomputed Using ₹50,000/Bigha for Co-Owner Consistency

Penny Stock Allegations Rejected: ₹1.25 Cr & ₹1.53 Lakh Additions Deleted

Low Income of Investors Cannot Trigger Section 68 Addition: ₹3.32 Cr Deleted

Automated Allocation Mandatory for Income Tax Reassessment Notices: Jharkhand HC

Section 148 Notice by JAO Quashed, Faceless Assessment Applies from Notice Stage

CIT(A) Wrongly Refused Additional Evidence on Technical Ground: Matter Remanded for Fresh Decision

Reassessment Quashed u/s 151 for Wrong Authority Beyond 3 Years

ITAT Mumbai Upheld MAT Liability Despite Prior SICA Status Due to Positive Net Worth

Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination

Reassessment Quashed – Section 151 Approval Held Mechanical; No Application of Mind by PCIT

Addition Deleted as Clerical Mistake Doesn’t Overrule Substantive Evidence

Quashed Reassessment: Borrowed Info & Sec 151 Approval Invalid

ITAT Deletes Section 69A Addition for Bank Deposits from Liquor Receivables

DRP Cannot Entertain Objections After Final Order; Appeal Held Not Maintainable
Explore the latest Section 147 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.
