#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.
Income Tax
Income Tax
Merely applicability of sec 50C will not prove escapement of Income
Income Tax
Income Tax
Reopening on the basis of vague / uncertain information on Accommodation Entry not valid
Income Tax
Income Tax
Despite Sanction Reopening Void If Satisfaction is Recorded in a casual or routine manner
Income Tax
Income Tax
Reassessment order cannot be challenged in Writ – SC
Income Tax
Income Tax
Subsequent reversal of the legal position by judgment of Supreme Court does not authorize the department to reopen the assessment
Income Tax
Income Tax
Reassessment on the basis of subsequent decision cannot be said to be a mere change of opinion
Income Tax
Income Tax
No addition during reassessment of a particular expense which has been duly examined by the AO during Original Assessment proceedings
Income Tax
Income Tax
Reassessment not warranted on same existing set of facts, when a return and those facts already scrutinized
Income Tax
Income Tax
Mere information regarding income escapement can be considered valid for the purpose of sec. 147
Income Tax
Income Tax
Reopening not valid if reasons silent on quantum of escaped tax
Income Tax
Income Tax
Reassessment Notice for mere change of opinion is impermissible in law
Income Tax
Income Tax
Reassessment initiated on the basis of materials which were available during original assessment not valid
Income Tax
Income Tax
Initiation of Reassessment before expiry of time limit for scrutiny assessment is valid
Income Tax
Income Tax
Reopening for negligence / recklessness on the Part of A.O. not permissible
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.
