#section 143(3)
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ITAT Condones Delay in Appeal Filing, Says Delay Explanation Acceptance Should Be Rule

understanding Income Tax Scrutiny Assessments under Section 143(3)

No Disallowance under Rule 8D if interest-free funds were adequate to cover investments

ITAT Partially Allows Assessee’s Appeal, Citing Insufficient Evidence for Addition

ITAT Jaipur upheld exemption of gains arising from sale of agricultural land

ITAT Jaipur Upholds Section 50C Addition for Stamp Duty Value Exceeding Transaction Value by 10%

Addition u/s. 69 based on excel sheet seized from third party without independent enquiry untenable

Corrigendum issued by AO to rectify mistake made in original assessment order is valid: ITAT Chennai

Income Escapement Alone Insufficient to Reopen Assessment under Section 147 Without Assessee’s Disclosure Failure: Delhi HC

Revision u/s. 263 quashed as AO duly assessed NIL income due to proper application of funds

Initiation of reassessment unjustified as nature and source of receipts duly explained: Delhi HC

Transfer of shares by one set of shareholders to another doesn’t give rise to any taxable event in hands of company

No applicability of Doctrine of Merger as Income retained by CPC was same as from Intimation u/s 143(1)(a)

Reversal of provision of inventory written off due to obsolescence allowed: ITAT Bangalore
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.
