#Section 147
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Income Tax
Income Tax
Reassessment triggered on a change of opinion as to calculation of tax payable is invalid
Income Tax
Income Tax
AO to provide reasons to disbelieve bank statements for reopening of assessment
Income Tax
Income Tax
Reopening of assessment based on mere change of opinion is unsustainable
Income Tax
Income Tax
Forfeited amount is deductible from cost of acquisition at the time of actual transfer of asset
Income Tax
Income Tax
Disallowance of short term capital loss merely based on information from investigation wing is unsustainable
Income Tax
Income Tax
Addition without Considering Submissions of Assessee – ITAT restores matter
Income Tax
Income Tax
Addition unsustainable as identity and creditworthiness of investor company duly proved
Income Tax
Income Tax
Nothing can be added or subtracted to reasons recorded for reassessment
Income Tax
Income Tax
Addition u/s 68 untenable as AO failed to conduct independent investigation
Income Tax
Income Tax
Mere cash deposit in bank not sufficient to believe Escapement of Income
Income Tax
Income Tax
Co-owners showed capital gains of different amount – Section 148 notice invalid
Income Tax
Income Tax
HC set-aside Section 148 notice as notice issued without any new tangible material
Income Tax
Income Tax
Reassessment beyond four years is invalid if no failure to disclosure by Assessee during original assessment
Income Tax
Income Tax
Reassessment based on conjectures & surmises without any Tangible material is invalid
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.
