#Section 147
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NFAC Reassessment Before Section 151A Notification Quashed: ITAT Kolkata

Section 148 Reassessment Quashed as ₹50 Lakh Threshold Not Met for Same Transaction: ITAT Delhi

No Capital Gains Without Transfer Under Development Agreement: ITAT Pune

Section 148 Notice Quashed for Lack of Section 151(ii) Approval: Hyderabad ITAT

Maximum Marginal Rate Inapplicable to Registered Society: ITAT Hyderabad

Gift from Mother Cannot Be Treated as Unexplained Investment: ITAT Hyderabad

Temporary Cash Support for Student Visa Is Not a Loan Under Section 269SS: ITAT Chennai

Section 69A Cannot Be Invoked for Cash Withdrawals from Own Bank Account

Income Declared in Original Return Cannot Be Reduced in Section 148 Return: ITAT Hyderabad

Registered Sale Deed Triggers Capital Gains Despite Dispute Over Consideration: ITAT Hyderabad

Unregistered Agreement to Sell Does Not Bar Benefit of Section 50C Proviso: Chennai ITAT

Bank Withdrawals Cannot Be Taxed as Unexplained Expenditure: ITAT Ahmedabad

Section 147 Reassessment Valid Where Search Material Not Directly Pertain to Assessee: ITAT Pune

Bombay HC Permits Challenge to Section 147A Without Original Writ Petition
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.
