Sponsored
    Follow Us:

section 143(3)

Latest Articles


Cultivation & sale of white button mushroom is agricultural activity: ITAT Mumbai

Income Tax : In the alternate, assessee has also raised a ground that Assessing Officer ought to have allowed the expenditure incurred in culti...

November 11, 2024 87 Views 0 comment Print

SC Disallows Bad Debt Deduction for Khyati Realtors Pvt Ltd

Income Tax : Supreme Court disallows ₹10 crore bad debt deduction for Khyati Realtors Pvt Ltd, ruling it as capital expenditure, not eligible...

October 23, 2024 6861 Views 0 comment Print

Time limit for issuing different income-tax notices & completion of assessment

Income Tax : Understand the time limits for issuing income tax notices and completing assessments, including updates from the Finance Acts of 2...

September 2, 2024 2307 Views 0 comment Print

Rectification, Assessment, and Appeal under Income Act, 1961

Income Tax : Learn about rectifying mistakes in income tax orders under Section 154, including types of rectifiable orders, responsible authori...

September 2, 2024 1239 Views 0 comment Print

FAQs on Assessments under Income-tax Law

Income Tax : Explore common FAQs on income tax assessments, including types, procedures, and time limits for sections 143, 144, and 147....

August 27, 2024 82773 Views 7 comments Print


Latest News


Allow making of fresh claim during assessment proceedings

Income Tax : It has been observed that in many cases an assessee may wish to make a claim which was not made in the return of income filed unde...

January 20, 2016 3643 Views 0 comment Print

Format of details to submitted during Income Tax Assessment

Income Tax : We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks As...

January 4, 2014 17083 Views 0 comment Print


Latest Judiciary


Deduction u/s. 80-IA(4) allowed on interest from FDRs created as part of financial arrangement for infrastructure project

Income Tax : ITAT Ahmedabad held that interest income earned from the FDRs, which were created as part of the financing arrangement for the inf...

November 11, 2024 69 Views 0 comment Print

Addition u/s. 68 merely on the basis of investigation report not justified: ITAT Mumbai

Income Tax : ITAT Mumbai held that addition under section 68 of the Income Tax Act towards unsecured loan unjustified as no information/ materi...

November 11, 2024 105 Views 0 comment Print

Addition u/s. 68 based solely on statement provided by third party unwarranted: ITAT Mumbai

Income Tax : The assessee company is engaged in business of manufacturing and has filed the return of income for the assessment year 2012-13 on...

November 11, 2024 108 Views 0 comment Print

Dismissal of appeal due to non-prosecution without adjudicating matter on merits unjustified: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that dismissal of appeal due to non-prosecution without adjudicating the issue on merits deprives the assessee...

November 11, 2024 72 Views 0 comment Print

Addition u/s. 68 remanded back with direction to file all documents explaining source of cash deposits

Income Tax : ITAT Mumbai held that matter regarding addition under section 68 of the Income Tax Act remanded back for fresh consideration direc...

November 11, 2024 162 Views 0 comment Print


Latest Notifications


No processing of returns for I-T refund if selected for Scrutiny

Income Tax : Instruction No.1/2015 Clarification regarding applicability of section 143(1D) of the Income-tax Act, 1961- Vide Finance Act, 2012...

January 13, 2015 14043 Views 4 comments Print


Latest Posts in section 143(3)

Deduction u/s. 80-IA(4) allowed on interest from FDRs created as part of financial arrangement for infrastructure project

November 11, 2024 69 Views 0 comment Print

ITAT Ahmedabad held that interest income earned from the FDRs, which were created as part of the financing arrangement for the infrastructure project, qualifies as business income derived from the eligible business under Section 80-IA(4) of the Act.

Addition u/s. 68 merely on the basis of investigation report not justified: ITAT Mumbai

November 11, 2024 105 Views 0 comment Print

ITAT Mumbai held that addition under section 68 of the Income Tax Act towards unsecured loan unjustified as no information/ material proved that assessee was beneficiary of accommodation entry of loan. Addition merely on the basis of investigation report not justified.

Addition u/s. 68 based solely on statement provided by third party unwarranted: ITAT Mumbai

November 11, 2024 108 Views 0 comment Print

The assessee company is engaged in business of manufacturing and has filed the return of income for the assessment year 2012-13 on 27/09/2012 disclosing a total income of Rs.1,21,67,790/- and the return of income was processed u/sec. 143(1) of the Act.

Cultivation & sale of white button mushroom is agricultural activity: ITAT Mumbai

November 11, 2024 87 Views 0 comment Print

In the alternate, assessee has also raised a ground that Assessing Officer ought to have allowed the expenditure incurred in cultivation of white button mushrooms and also the depreciation from the gross sales.

Dismissal of appeal due to non-prosecution without adjudicating matter on merits unjustified: ITAT Ahmedabad

November 11, 2024 72 Views 0 comment Print

ITAT Ahmedabad held that dismissal of appeal due to non-prosecution without adjudicating the issue on merits deprives the assessee of fair opportunity of being heard hence violating the principles of natural justice.

Addition u/s. 68 remanded back with direction to file all documents explaining source of cash deposits

November 11, 2024 162 Views 0 comment Print

ITAT Mumbai held that matter regarding addition under section 68 of the Income Tax Act remanded back for fresh consideration directing appellant to file all documents/ details and supporting evidence explaining source of cash deposits.

Deduction u/s. 80P eligible to cooperative society on interest received from investment in banks

November 11, 2024 150 Views 0 comment Print

ITAT Visakhapatnam held that the cooperative society is eligible for deduction U/s. 80P(2)(a)(i) of the Income Tax Act on the interest income received from investment in banks. Thus, appeal allowed.

Revisionary jurisdiction u/s. 263 not invocable when AO took legally plausible view: ITAT Ahmedabad

November 11, 2024 225 Views 0 comment Print

The assessee filed the return of income declaring a total income of Rs. Nil. However, AO completed the assessment u/s. 143(3) read with Section 144B determining the assessed income at Rs. 3,37,97,789/-.

AO not permitted to take different stand on same issue over different years: ITAT Chennai

November 9, 2024 2262 Views 0 comment Print

ITAT Chennai held that an AO is not permitted to take different stand on the same issue and same set of facts over different years. Thus, exemption u/s. 11 granted in spite of the fact that return was filed using ITR-6.

Deduction u/s. 54EC admissible as nexus between advance from sale of property and investment in NHAI bonds established

November 9, 2024 516 Views 0 comment Print

ITAT Ahmedabad held that benefit of deduction under section 54EC of the Income Tax Act allowed since nexus between advance received towards sale of property and investment made in NHAI bonds established.

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930