#Section 148
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Kerala HC Extends Tax Filing Deadline for Companies MD Illness

Kerala HC Upholds Reassessment Based on Estimation of Income Escaped Assessment

Assessment Order on Old PAN Appealable Despite New PAN allotment: Kerala HC

No Penalty for Excessive Depreciation Claim Due to bona fide Mistake

ITAT Mumbai restricts addition for Bogus purchases to 10% of disputed purchases

Reassessment Based on Previously Examined Facts Unacceptable: ITAT Mumbai

Transaction not become bogus merely for non response to section 133(6) notices: ITAT Mumbai

Reassessment: Invalid if AO’s Belief Lacks Bona Fides, Is Vague and Arbitrary

Reassessment cannot be initiated based on insufficient, vague, or irrelevant materials

Reopening Based on Incorrect Grounds Invalidates Assessment: ITAT Mumbai

Section 148 notice was void ab initio if no prima facie satisfaction recorded

Discrepancies in KYC docs don’t constitute incriminating material: ITAT Mumbai

SC upholds order quashing section 148 notice issued after time lapse of 16 years

Section 153A & 153C of Income Tax Act: Analysis & Implications
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.
