#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 68 Addition Deleted Due to Explained Business Receipts in Books of Accounts

ITAT Mumbai: Notional Rent Taxable on Unsold Flats Held as Stock-in-Trade (Pre-Sec 23(5) Era)

ITAT Mumbai: No Addition U/s 69 on Alleged “On-Money” Without Evidence or Cross-Examination

Penalty U/s 271(1)(c) Upheld on Bogus Purchases – ITAT Confirms Concealment

Reopening for AY 2015-16 After 01.04.2021 Invalid – ITAT Quashes U/s 148 Notice as Time-Barred

Foundation Seed Income Held Agricultural – ITAT Grants Section 10(1) Exemption

Demonetisation Cash Addition Deleted – ITAT Accepts Family Savings Explanation Backed by Affidavit

Unsecured Loan Additions Upheld – ITAT Dismisses Appeal for Failure to Prove Creditworthiness Genuineness

Fresh Claim of Section 54F Cannot Be Rejected Mechanically – ITAT Remands for Reconsideration

Entire Bank Deposits Can’t Be Taxed U/s 69A – Only Reasonable Commission Income Taxable

Reassessment Beyond 3 Years Invalid if Escaped Income Below ₹50 Lakh: ITAT Chennai

Vague Penalty Notice Invalid: ITAT Deletes 200% Penalty Under Section 270A

Reassessment Quashed as Notice Beyond 3 Years Approved by Wrong Authority

8% Profit Estimate Cut to 3%: AO Ignored Books & Industry Reality
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.
