#section 143(3)
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Condonation of 2564-Day Delay Allowed as No Undue Benefit from Not Appealing Assessment Order

Instead of gross receipt only net profit of receipt to be treated as undisclosed income

Assessee can confine settlement of disputed which are subject matter of appeal under DTVSV Act

Addition towards portion of expense justified since documentary evidences not produced: ITAT Delhi

Matter restored back to CIT(A) since appeal dismissed for non-prosecution: ITAT Delhi

Dismissal of appeal without giving sufficient opportunity of being heard not justified: ITAT Ahmedabad

Fixed deposits that forms part of banking business is stock-in-trade: ITAT Surat

Addition of gift received from son solely relying on unverified newspaper unsustainable: ITAT Mumbai

Loss on fixed deposit investments is capital loss: Telangana HC

Settlement Commission cannot re-open the concluded proceedings u/s. 154: Madras HC

Delay in appeal due to attachment of office sufficient cause: ITAT Surat

ITAT Surat imposes Cost imposed on assessee for non-cooperation

Peak credit to be considered in case of circular transaction: ITAT Chennai

No addition of Rs.10 Crore u/s 271(1)(C) without specification of concealment or inaccurate particulars in SCN
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.
