#section 143(3)
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ITAT Partially Allows Appeal on Cash Deposit during Demonetization Period

Salary to Vice President allowable u/s 37(1) as proved that business activity of company still subsists

Provision for doubtful debt being in nature of diminution in value of asset attracts section 115JB

Section 36(1)(viia) Deduction for Bad & Doubtful Debts Allowed Regardless of Rural & Non-Rural Advances

Interest on Compulsory Convertible Debentures deductible u/s 36(1)(iii)

Addition towards unexplained cash credit unsustainable as identity & creditworthiness proved

Reopening of assessment beyond 4 years unsustainable as full and true material facts disclosed

Power to transfer appeals is vested with benches of ITAT & not with President

Section 153 Prevails over 144C assessment Time Limit even after a remand by ITAT

Notice u/s 148 can be Issued on Assessee’s Failure to truly disclose Material Facts: ITAT

Section 263 Not Invocable as Plausible View on Service Tax Return & ITR Difference taken by AO

Assessment Invalidated by ITAT: Reopening Beyond Four Years

When Additions are Deleted in Quantum Appeal, Penalty Cannot Survive

Penalty u/s 271(1)(c) Inapplicable for Additions Using Peak Credit Theory
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.
