#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.

Bogus Purchase Cases: Only Profit Element Taxable; 4% GP Addition Upheld

Cash Advance Adjusted Through Tripartite Deal Not Unexplained Cash Credit U/s 68

ITAT Chennai Allowed TDS Credit in Year of Receipt Due to Cash Accounting System

Rural Agricultural Land Outside Section 56(2)(vii)(b): ITAT Deletes ₹59.33 Lakh Addition

Wrong Email Service Invalidates Assessment, Matter Sent Back to AO

Liquor Trader’s Cash Deposits & Purchases Cannot Be Taxed Twice: ITAT Bangalore

Shares Settled in Family Trust Exempt under Section 56(2)(x): ITAT Chennai

Interest from Deposits with Co-operative Banks Qualifies for Section 80P(2)(d): ITAT Allows Deduction in Full

Interest from Co-operative Banks Eligible for Section 80P(2)(d): ITAT Remands for Limited Verification

Reopening under Section 147 Invalid Where Search Material Triggers Section 153C

Corpus Donations Allowed Despite Cash Collection and Minor Lapses

ITAT Quashes 50C Addition Citing Valuation Typo and Higher Consideration

Limited Scrutiny Means Limited Powers: Additions Beyond CASS Scope Quashed by ITAT

Section 271(1)(c) Penalty Cannot Survive When Reassessment Is Quashed: ITAT Chennai
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.
