#Section 147
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No Addition in Completed Years Without Incriminating Material in Search Assessment

Power of Attorney Holder Not Liable for Capital Gains: ITAT Rajkot

Reassessment notice u/s. 148 quashed as issued after expiry of limitation period prescribed u/s. 149

Penny Stock Addition Deleted: ITAT Voids Section 153A Assessment Without Incriminating Material

Rs.1.02 Cr Addition Deleted as Loan Was Genuine & Used for Business Repayment

Entire ALV Cannot Be Assessed on Partially Let Out Property: ITAT Delhi

“ITAT Kolkata Quashes Reopening for AY 2015-16: TOLA Extension Not Applicable

Bogus LTCG on Penny Stock: ITAT Ahmedabad Upholds Addition

15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune

PCIT Revision Upheld: AO Failed to Verify Low Profit Margin & Audit Need (Sec 263)

Ex-Parte Reassessment Quashed: HC Grants Fresh Chance for Bona Fide Omission

Address Change Justifies Non-Participation: HC Restores Reassessment to 148A Stage

HC Quashes Reassessment as JAO Violated Faceless Mandate Section 151A

HC Quashes Reassessment as Jurisdictional AO Violated Faceless Scheme
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.
