#Section 250
Log in to FollowLatest Section 250 updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Section 115BBE Not Applicable to Business Receipts; Only Profit on Cash Deposits Taxable

Excess Stock from Survey Taxable as Business Income, Section 115BBE Inapplicable

Fair Hearing Mandatory for Section 251 Income Enhancement: ITAT Amritsar

Reopening Beyond 3 Years Below ₹50 Lakh Quashed

Vague 271(1)(c) Notice Fatal: Visakhapatnam ITAT Quashes ₹6.34 Cr Penalty

No Concurrent Jurisdiction Between FAO and JAO Under Reassessment Law: ITAT Visakhapatnam

Assessment u/s. 153C quashed due to lack of jurisdiction

Provision of future expense allowed as deduction u/s. 37(1) based on matching principle of accountancy

Section 144C Can’t Extend Limitation: TP Assessment Quashed as Time-Barred

ITAT Mumbai Quashed Reassessment Notice for Being Issued Beyond Limitation Period

Entire Cash Turnover Can’t Be Taxed as Income: ITAT Rajkot

Section 69A Addition Deleted After NRI Husband’s Creditworthiness Established

Deduction Allowed as Interest from Co-operative Bank Qualifies Under Section 80P(2)(d)

Income Tax Rectification Order Quashed for Missing DIN & Limitation Breach
Explore the latest Section 250 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.
