#Section 147
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Borrowed Satisfaction: ITAT Quashes Penny Stock Additions in Multiple Family Cases

Statement Alone Cannot Justify ‘On-Money’ Addition: ITAT Mumbai

Accepted Disclosure Cannot Be Treated as Misreporting for Penalty Purposes: ITAT Surat

Reassessment Quashed as AO Taxed Capital Gains Instead of Recorded Escapement Issue

AO Cannot Reopen on the Same Material Examined in U/s 153C Assessment: ITAT Quashes ₹2.90 Crore Addition

APMC Cess Does Not Prove Unaccounted Turnover: ITAT Mumbai

No Section 69 Addition as Complete Money Trail From Overseas Remittances Established

Section 68 Addition Deleted as Revenue Failed to Prove Penny Stock Allegation

ITAT Deletes ₹1.10 Crore Addition as Property Payment Was Directly Made by Father

Salary Reimbursement Not Taxable as FTS as Seconded Employees Worked Under Indian Employer’s Control

Rental Income Dispute Remanded as Appellate Authority Overlooked Material Issues

Section 68 Dispute Remanded as Source of Unlisted Share Funds Remained Unverified

Section 68 Addition Quashed as Loans Were Repaid Through Banking Channels: ITAT Ahmedabad

ITAT Allows Appeal Because Cross-Examination of Key Witnesses Was Denied
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.
