#Section 148
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Unexplained Investment Cannot Be Assumed Without Cost Determination: ITAT Ahmedabad

Circular Trading Not Bogus, 12.5% Purchase Addition Deleted

ITAT Ahmedabad Deletes Section 68 Addition on Alleged Accommodation Sales

Reopening Invalid as JAO Lacked Jurisdiction Under Faceless Scheme

ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet

Section 28 Interest Is Compensation, Not Income: Reassessment Set Aside

Section 271(1)(c) Penalty Fails When AO Accepts Reopened Return

Reassessment Notice & Order Quashed for Denial of Opportunity to Produce Accounts

Section 80HHC Amendment Non-Retrospective: Delhi HC Quashed Reassessment Notice

Income Tax Reassessment Notice Quashed for Breaching 10-Year Limitation Rule

Reassessment for AY 2015-16 Time-Barred After Rajeev Bansal Ruling: ITAT Kolkata

No Section 271AAA Penalty Where Search Disclosure Was Proper: ITAT Kolkata

Penalty Deleted Where Income Already Disclosed & Additions Lead to Double Taxation

Change of Opinion: ITAT Pune Quashes Reassessment; Section 68 & 40(a)(ia) Additions Fail
Explore the latest Section 148 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.
