#section 143(3)
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Retracted Statement Doesn’t Justify Treating Currency Derivative Loss as Bogus

Manufacturing & distribution activity being different it is fair to segregate both contracts: ITAT Mumbai

Order passed u/s 144(C)(1) of Income Tax Act to be construed as draft assessment order only: Madras HC

AO cannot resort to estimation of gross or net profit without rejecting books

DCIT Vs Hindustan Thermal EPC: No Disallowance for Business Loss – ITAT Delhi

ITAT deletes section 271A(d) penalty due to absence of demand notice

Employee Contributions not deposited within PF & ESIC Act Deadlines is Disallowable: ITAT

Interest on TDS not allowable expenditure: ITAT Delhi

PCIT’s mere “Yes” Not Valid Approval under Section 151: Delhi HC

Appellate Authority can Entertain Additional Claims during Assessment Proceedings

Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine

Issuance of Letter of Comfort to banker of AE doesn’t constitute international transaction u/s. 92B: ITAT Mumbai

Denial of exemption u/s. 54 due to mistake committed by developer unjustified: ITAT Mumbai

Revision order passed u/s. 263 unacceptable as based on reassessment order which itself is unsustainable: 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.
