#section 143(3)
Log in to FollowLatest section 143(3) updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Reopening of assessment before disposing of objections filed by assessee is unsustainable

Rejection of books of accounts merely because of lower gross profit rate is unsustainable

Enhancement by CIT(A) without providing opportunity to assessee is unsustainable

Addition u/s 68 unsustainable as identity as well as creditworthiness proved

Grant received under Sampoorna Gramin Swarojgar Yogna is not revenue receipt

Mere Non-receipt of confirmation from sundry creditors cannot result into addition

Addition u/s 69A for cash deposited during demonetization untenable as transaction duly explained

Penalty u/s 271AAB not leviable on income surrendered during search

Benchmarking corporate guarantee fees based on bank guarantee rates is incorrect

Reopening untenable in absence of tangible material concluding that income has escaped assessment

Specific explanation needs to be given for Unreported Jewelry in Wealth Tax Return

Interest earned by co-operative society from deposit with co-operative banks eligible for deduction u/s 80P(2)(d)

Addition due to mismatch in 26AS and in books of account unsustained as difference duly explained

Order passed without considering documents furnished is liable to be remanded back
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.
