#section 143(3)
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6,168 articlesIncome Tax

Income Tax
SOP prescribed under Faceless Assessment Procedure not followed: Matter remanded
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Adjustment u/s. 11(3) as deemed income unsustainable as accumulated funds utilized within stipulated time
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Amounts declared under PMGKY scheme cannot be taxed again u/s. 69A
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Entire addition towards bogus purchases not justifiable: Gujarat HC
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Internal CUP Most Appropriate for ALP in Captive Power Plant Transaction: Calcutta HC
Income Tax

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Reassessment u/s. 148 quashed as merely based on change of opinion: Madras HC
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Income Tax
ITAT Kolkata Upholds 30% Depreciation on Moulds Used by Vendors
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ITAT Allows ₹64.72 Cr Abandoned Project Loss Claim as Revenue Expense
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Share Value Difference on Exchange for NPO Interest Not Taxable as Perquisite
Income Tax

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ITAT Sets Aside Order, Remands ₹7.28 Crore Additions for Fresh AO Review
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Income Tax
ITAT Reduces Vadilal Section 14A Disallowance to Rs. 30,000
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Change of opinion cannot be basis for reassessment proceedings u/s. 148: Madras HC
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Protection against clutches of 69A not available by mere disclosing and paying tax
Income Tax

Income Tax
