#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.

Sec 44AD: Cash Deposits Within Turnover Not Unexplained; ITAT Deletes Additions Based Only on Survey Statement

Reassessment Notice to Deceased Person Invalid Because Law Requires Notice to Legal Heirs

Disallowance of Insurance Expenses Set Aside Because IRDA Limits Do Not Automatically Bar Tax Deduction

Section 54B exemption granted as assessee proved nature of land as agricultural land

ITAT Mumbai Denied Section 80JJAA Deduction as Claim Not Made in Original Return

ITAT Allows Software Expenses as Revenue Because Licences Were Short-Term and Non-Exclusive

No Unexplained Income When Farmer Loan Repayments in SBN Fully Recorded in Books: ITAT Ahmedabad

ITAT Deletes ₹50 Lakh On-Money Addition; Section 54F Issue Remanded to check Commercial Use

Unsecured Loan Addition U/s 68 Deleted; Banking Repayment & Identity Proved, No Need to Prove Source of Source – ITAT Ahmedabad

Audit fees allowed as expense as commencement of business proved and expense incurred wholly for business

Section 69 Property Addition Deleted – Agreement vs Sale Deed Difference Not Sufficient Evidence: ITAT Ahmedabad

₹1 Cr Penny Stock Addition u/s 69A Deleted – Reopening Based on Borrowed Satisfaction & No Assessee-Specific Evidence: ITAT Ahmedabad

Section 50C Inapplicable Where Property Rights Relinquished Earlier by Registered Agreement

ITAT Indore Sets Aside FTC Disallowance as Form 67 Filed With Section 139(4) Return
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.
