#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.

Addition not sustained as source of funds for purchasing crypto currency explained

Different floors of same house cannot be considered as multiple house for 54F deduction

Full & true disclosure of all material facts: Section 148 Reopening quashed

Vague Grounds of Accommodation Entries: ITAT Quashes Tax Reassessment

Reopening u/s. 147 quashed as based on vague reasons and non-application of mind

Notice u/s. 148 issued beyond time period specified u/s. 149(1) is invalid: Bombay HC

ITAT Restores Case to CIT(A) After 5 Missed Hearings, Including One During Covid

Madras HC Sets Aside Assessment Order; Grants Taxpayer Opportunity to File Reply with New Evidence

Section 148 notice not served: ITAT Restores Bar Council Case to NFAC

Addition u/s. 68 without considering revised gross receipts not sustainable

Transactions of shares shown as stock-in-trade cannot be treated as unexplained cash credit

ITAT directs AO to Examine LTCG and Provide Fair Opportunity to Assessee

ITAT Pune Dismisses Revenue Appeal Below Tax Effect of Rs. 60 Lakh

Cash Deposits Alone Create Reason to Suspect; Inquiry Needed for Reason to Believe
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.
