#section 143(3)
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Revenue cannot compute notional interest u/s. 13(2)(a) of Income Tax Act

RPM is most appropriate for Benchmarking Imported Men’s Wear Resale Transactions

Maintenance charges from corporate members exempt based on principle of mutuality

Section 10(38) Exemption Ineligible for bogus LTCG on Penny Stock Equity Sales

Additional depreciation on heavy vehicle inadmissible when used in own business & not on hire

TP adjustment deleted as ALP of ESOP expenses cannot be taken as NIL

Addition u/s 68 towards unexplained unsecure loan unsustainable as onus duly discharged

Matter set back to AO to verify source of addition u/s 69C as explained before settlement commission

Penalty u/s 270A unsustainable as non-declaration cannot be equated as underreporting of income

Addition u/s. 68 unsustainable as burden duly discharged by filing required documents

ITAT Orders Reassessment for MEIS License Exclusion under Section 115JB

No assessment can be reopened merely on the basis of change of opinion

TP Adjustment for AMP Expenditure deleted due to Lack of Brand Promotion Agreement with AE

Transfer pricing provisions not apply to operations carried through qualifying ships
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.
