#section 143(3)
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No addition for “bogus purchases” when assessee already declared higher GP – Mumbai ITAT grants major relief to diamond trader

ITAT Quashes Assessment as DRP Order Upload Date Determined Limitation Period

ITAT deletes ₹5.68 Crore Addition as Encashed Bank Guarantees Were Govt Funds

ITAT Deletes ₹3.03 Crore Addition as AO Failed to Conduct Independent Verification

Pune ITAT Allows Section 80P(2)(d) Deduction on Co-operative Bank Interest; Totgars Not Applicable

ITAT Deletes On-Money Addition Due to Lack of Corroborative Evidence

No Section 68 Addition Where Loan Repaid Through Banking Channels & Supported by Evidence

LTCG Addition Deleted as Assessee Proved Genuine Investment Activity Through Evidence

Section 263 Invalid as AO Conducted Proper Inquiry & Took Plausible View: ITAT Surat

Income Tax: Madras HC Orders Fresh Review Due to Ignored Remand Report Evidence

Reopening Invalid Due to Change of Opinion on Same Material: Bombay HC

No Substantial Question of Law Where AO Accepts Claims in Remand: Karnataka HC

Miscellaneous Application Rejected as Tribunal Lacks Power to Review Its Own Order

Penny Stock LTCG Cannot Be Treated as Bogus Without Independent Evidence: ITAT Delhi
Explore the latest section 143(3) 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.
