#Section 147
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Income Tax
Income Tax
AO Can Initiate Reassessment Based on Investigation Wing Info: ITAT
Income Tax
Income Tax
Higher rate of tax in case of foreign company is not in violation of non-discrimination clause
Income Tax
Income Tax
Payment of guarantee fees to holding company for loan advanced to third party is deductible u/s. 37
Income Tax
Income Tax
Payment of guarantee fee to Gujarat Government is revenue expenditure
Income Tax
Income Tax
Give chance to Assessee to establish non-receipt of statutory notices: ITAT
Income Tax
Income Tax
ITAT Quashes Reassessment on grounds of being based on vague & non-descript reasons
Income Tax
Income Tax
Fund utilized more than prescribed limit for achieving objective allowable U/s. 11
Income Tax
Income Tax
Reopening of assessment without any fresh tangible material unsustainable
Income Tax
Income Tax
ITAT Grants Section 80IA Deduction for Port Charges, Favors Liberal Interpretation
Income Tax
Income Tax
Date of handing over of possession of new property relevant for deduction u/s. 54
Income Tax
Income Tax
Change of opinion impermissible under the grab of reopening u/s 147
Income Tax
Income Tax
Payment towards interconnectivity utility charges from Indian customers not taxable as Royalty
Income Tax
Income Tax
Reassessment can be initiated only on approval from specified authority & should not be based on change of opinion
Income Tax
Income Tax
No Addition based on mere sworn statement if not corroborated by independent evidence
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.
