#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.

Assessment u/s. 143(3) based on material searched at third party untenable in law: ITAT Delhi

No Reassessment Without Concrete Evidence on Loan Sources

Penalty order passed beyond time period framed u/s. 275(1)(c) untenable: Delhi HC

Income Tax Rule 2BBB Applies Prospectively from AY 2015-16: ITAT Ahmedabad

Orissa HC Dismisses Writ Petition challenging Manual Income Tax Assessment

ITAT Delhi Sets Aside Ex-Parte Order as Notices were never served to Assessee

Failure to admit and evaluate additional evidence constitutes violation of natural justice: ITAT Ahmedabad

Addition u/s. 69A quashed as nature and source of deposit clearly established: ITAT Nagpur

Cost imposed on assessee for negligence in diligently prosecuting appeal before CIT(A): ITAT Ahmedabad

Initiation of reassessment unjustified as nature and source of receipts duly explained: Delhi HC

Transfer of shares by one set of shareholders to another doesn’t give rise to any taxable event in hands of company

Addition confirmed by CIT(A) by passing ex-parte order needs fresh consideration: ITAT Visakhapatnam

Weighted deduction u/s. 35(2AB) allowed as amount from DSIR qualifies as soft loan: ITAT Vishakhapatnam

Source of capital investment explained hence addition u/s. 68 not sustained: ITAT Visakhapatnam
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.
