#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.

ITAT Mumbai: Reopening Invalid on Change of Opinion-No Fresh Material, Assessment Quashed

ITAT Mumbai: Interest from Co-Operative Banks Eligible U/s 80P(2)(d)-Consistency Principle Applied

ITAT Mumbai: Delay in Filing Form 67 Not Fatal-Foreign Tax Credit Cannot Be Denied on Technical Grounds

ITAT Mumbai: BSNL VRS Compensation is Capital Receipt-Exempt u/s 10(10B); Delay Condoned

Excess Stock cannot be treated as Treated as unexplained investment without Evidence of Unexplained Sources

Co-Ownership with PArents Not Enough for Unexplained Investment Addition: ITAT Mumbai

Reassessment Quashed as Time-Barred Due to Post-2021 Notice for AY 2015–16

Delay in Appeal Condoned Due to Genuine Lack of Awareness by Senior Citizen Assessee

No Disallowance on Proven Loan Use; Forecasting Expense Allowed as Business Cost – Aishwarya Bachchan Gest Relief

80P Relief Largely Allowed – Interest on Investments Held Eligible, Staff Loan Interest Taxable

Nominal Members No Bar for 80P Deduction—ITAT Allows Relief & SBI Interest Expense Set-off

Penalty U/s 270A Held Premature – ITAT Bangalore Restores Matter Pending Quantum Outcome

Section 54 Deduction Allowed for Multiple Floors Due to Single Residential House Interpretation

Addition Sustained Due to Unexplained Cash Shortage but Deleted for Proven Advances
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.
