#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.

18% Profit Rate on Contract Receipts Held Excessive – ITAT Restricts Estimation to 8% and Grants Major Relief

Tax Audit Report Error Cannot Trigger Disallowance – ITAT Deletes Section 40(a)(ia) Addition Based on Copied Audit Figures

Reassessment Quashed for Wrong Approval Under Section 151 – ITAT Holds Sanction by PCIT Instead of PCCIT is Fatal

Wrong Claim in Original Return Does Not Automatically Defeat Genuine Chapter VI-A Deduction- ITAT Orders Fresh Verification

Missed Form 10? ITAT Gives Trust a Lifeline – AO Directed to Await Condonation Decision Before Denying Section 11(2) Benefit

Clerical Error in Tax Audit Report Cannot Be Treated as Income: ITAT Deletes Addition

ITAT Quashes Reassessment as Section 148 Notice Was Based on Incorrect Facts & Figures

Section 87A Rebate not Allowed on LTCG under section 112: Bangalore ITAT

Bangalore ITAT Deletes Ad-Hoc Transport Expense Disallowance: AO Can’t Expect Perfect Vouchers for Highway Expenses

Agricultural Income Can’t Be Denied Merely on Suspicion: Bangalore ITAT

TNEB Consumer Supply Rate, Not Purchase Rate, Relevant for Section 80IA Deduction: ITAT Chennai

Belated Form 10E Cannot Automatically deny Section 89 Relief: ITAT Indore

Retrospective VAT Registration Cancellation Does Not Automatically Make Purchases Bogus: ITAT Ahmedabad

Section 143(1) Intimation Cannot Override Ongoing Scrutiny Assessment: ITAT Mumbai
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.
