#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.

Omitted Sales Justify Book Rejection, Not Arbitrary 8% Profit Rate: Kolkata ITAT

Prior Bank Withdrawals Explain Property Purchase Cash; Panaji ITAT Deletes ₹6.80 Lakh Addition

Section 148 Notice Upheld on ₹69.60 Lakh Property Sale; Ownership Verification Ordered

Panaji ITAT Admits Section 148 Approval Challenge, Restores ₹15.76 Lakh Section 80P Claim

Delhi ITAT Remands Ex Parte CIT(A) Order for Fresh Adjudication

Additional Evidence Requires AO Remand Report: Pune ITAT Restores Addition

ITAT Surat Remands ₹3.12 Crore Section 69A Addition with ₹10,000 Cost

IDS Declaration Failed but Tax Already Paid Must Be Credited: Bombay HC

Section 80P Deduction Valid on Return Filed Under Section 148: ITAT Mumbai

Section 153C Assessments for 7 AYs Quashed as Deemed Date Fell After 01.04.2021: Bangalore ITAT

₹12.50 Lakh FDR Wrongly Reported as ₹12.50 Crore: Reassessment Quashed by Patna HC

Penny Stock LTCG Cannot Be Bogus Without Evidence Against Assessee: ITAT Mumbai

Pune ITAT Remands ₹42 Lakh Property Addition for Fresh CIT(A) Hearing

Cash Deposits Alone Cannot Justify Reassessment Without Tangible Material: Gujarat HC
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.
