#Section 147
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Penny Stock Report Without Price-Rigging Evidence Cannot Justify Addition: ITAT Delhi

ITAT Chandigarh Quashes Time-Barred Section 148 Notice for AY 2015-16

ITAT Delhi Quashes Section 148 Notice Issued in 2022 for AY 2015-16

ITAT Corrects ₹3.74-Crore Error & Restores Additions u/s 56(2)(vii)(b), 144 & 147

Section 28 Interest Travels With Land Compensation: ITAT Deletes ₹14.26-Lakh Addition

ITAT Deletes ₹28.83-Lakh LTCG on Son as POA Is Not Property Title

ITAT Jaipur Allows ₹16.44-Lakh IPO Financing Interest as Cost u/s 48

Section 148 Notice Sent Late, ITAT Quashes ₹50-Lakh Property Addition

Sale Price Is Not Capital Gain: ITAT Restores ₹2.10-Crore Addition & ₹69.45-Lakh Penalty

₹1.09-Crore Cash Addition u/s 69A Remanded; Penalty u/s 271AAC Falls

DVO Estimate Cannot Justify ₹2.12-Crore Addition u/s 69

Only 14 Days Left-38-Day Delay Quashed U/s 148 Notice & ₹22.72-Lakh Addition U/s 69

5% Commission Formula Insufficient: Political Donation Allowed u/s 80GGC, Section 69A Addition Deleted

ITAT Remands Reassessment, Donation & Cash Deposit Issues for Speaking Order U/s 250(6)
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.
