#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.

Circular transaction cannot be treated as bogus purchases u/s. 68: ITAT Rajkot

ITAT Sets Aside Assessment & Permits Fresh Hearing as Assessee claims to be mere Rent Collector

Non-participation in appellate proceeding due to judicial custody is genuine reason

Inadvertent Email Lapse: ITAT Remands Appeal, Slaps ₹15K Cost

Change of opinion cannot be basis for reassessment proceedings u/s. 148: Madras HC

Reassessment notice issued by non-jurisdictional AO is bad-in-law

Income Tax Section 147/144B Order Appealable, Writ Not Maintainable: Calcutta HC

Interest to Partners Allowable Despite No Active Business: ITAT Cochin

Reopening Quashed: AO Relied on Investigation Wing Without Applying Mind

Reopening u/s 147 Invalid as AO Acted Solely on Investigation Wing’s Info: ITAT Amritsar

Calcutta HC Quashes Income Tax Section 154 Order Against Deceased Person

Second Opinion of AO cannot be Ground for Section 263 invocation

Reassessment u/s. 148 quashed as initiated inspite of full and true material disclosure: Bombay HC

LTCG addition in hands of firm set aside as property belonged to partner & not firm
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.
