#Section 147
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Assessee cannot resort to sham transactions or colourable devices for avoiding & evading tax

Section 54B Capital Gains Exemption: ITAT remands Matter to AO

Cash Deposited out of Earlier Withdrawal is not Undisclosed Income: ITAT

CIT(A) Empowered to Annul Assessment Order: Delhi HC

Limitations on Section 263 Based on Guideline Value vs. Sale Consideration

Validity of Section 148A(b) & Section 148A(d) Proceedings: Legal Analysis

HC Imposes 1.5 Lakh Fine for Obtaining Interim Income Tax Order with Suppressed Facts

NRI’s Foreign Bank Interest Not Taxable in India: ITAT Delhi

AO not considered Unsigned Reply: ITAT Directs Re-adjudication

Addition for difference in property value: ITAT directs readjudication

Capital Gain cannot be treated as bogus without giving reasons

Reopening of assessment based on wrong and irrelevant facts is unsustainable-in-law

No addition on account of Royalty Income received by UK Telecom Company from Indian Telecom Company for rendering roaming services to customers abroad

Section 54F Deduction Granted: New House Purchase within Two Years of Asset Transfer
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.
