#Section 250
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Flat Received on Tenancy Surrender Not Taxable U/s. 56(2)(x) & Section 54F Exemption allowed

On-Money Addition Deleted; Third Party Excel Statement Not Enough Without Proof

Foreign Tax Credit (FTC) Allowed Despite Delay in Filing Form No. 67

No digital/physical signatures of approving authority – Section 148 notice quashed

Sec 68 Addition Upheld – Failure to Prove Identity, Creditworthiness & Genuineness of Loans

Sec 80P(2)(d) Allowed on Interest from Co-op Bank – ITAT Follows Settled View

Form 10B Delay Condoned – Exemption U/s 11 Cannot Be Denied for Procedural Lapse

₹12.54 Cr Spouse Gift to Shilpa Shetty: Sec 68 Addition Set Aside, Remanded

Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal

Interest U/s 220(2) to be Recomputed After Rectification – Not From Rectification Date

Sec 68 Addition Set Aside – Documentary Evidence Accepted; Matter Remanded for Loan Repayment Verification

Penalty U/s 271(1)(c) Deleted Due to Defective Notice – No Specific Charge Mentioned

Sec 54 Benefit Upheld – Investment Within Time Sufficient, Possession Delay Not Fatal

Stamp Duty Addition Deleted – Allotment Date Prevails for Sec 56(2)(x) Valuation
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.
