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section 143(3)

Latest Articles


ITAT Mumbai Quashes Reassessment Proceedings Against Shah Rukh Khan

Income Tax : ITAT Mumbai invalidates reassessment against Shah Rukh Khan for FY 2012-13, addressing foreign tax credit claims and procedural fl...

March 8, 2025 7620 Views 0 comment Print

New Diplomacy of Income Tax Department: Tax Collection Without Direct Enforcement

Income Tax : India's Income Tax Department shifts to a taxpayer-friendly approach, prioritizing silent recoveries, refund adjustments, and redu...

February 20, 2025 1203 Views 0 comment Print

Budget 2025: Block Assessment Amendments in Income Tax Search Cases

Income Tax : Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and ti...

February 7, 2025 2673 Views 0 comment Print

understanding Income Tax Scrutiny Assessments under Section 143(3)

Income Tax : Scrutiny assessment which is mainly governed by Section 143 of IT Act is in-depth process used by tax officers to ensure accuracy ...

November 15, 2024 2955 Views 0 comment Print

Cultivation & sale of white button mushroom is agricultural activity: ITAT Mumbai

Income Tax : In the alternate, assessee has also raised a ground that Assessing Officer ought to have allowed the expenditure incurred in culti...

November 11, 2024 906 Views 0 comment Print


Latest News


Allow making of fresh claim during assessment proceedings

Income Tax : It has been observed that in many cases an assessee may wish to make a claim which was not made in the return of income filed unde...

January 20, 2016 3685 Views 0 comment Print

Format of details to submitted during Income Tax Assessment

Income Tax : We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks As...

January 4, 2014 17191 Views 0 comment Print


Latest Judiciary


Entries in a bank passbook cannot be treated as books of accounts for Section 68

Income Tax : ITAT Raipur rules in favor of Asha Soni, vacating a Rs. 35 lakh unexplained cash credit. The court found that Section 68 additions...

June 21, 2025 264 Views 0 comment Print

No TDS on Roaming Charges Under Section 194C or 194J: ITAT Mumbai

Income Tax : ITAT Mumbai held that payments for roaming charges, being for automated services, do not fall under ambit of TDS provisions under...

June 21, 2025 54 Views 0 comment Print

Scrutiny Assessment Prevails Over Automated Disallowance by CPC

Income Tax : In a significant ruling for taxpayers facing automated adjustments, the Income Tax Appellate Tribunal (ITAT) Pune Bench has direct...

June 21, 2025 93 Views 0 comment Print

Cash Source Taxed Under Section 269SS Cannot Be Added Again under Section 69A for time Gap

Income Tax : ITAT Hyderabad rules against double taxation, quashing Section 69A addition after cash source was already accepted and taxed under...

June 21, 2025 2709 Views 0 comment Print

Genpact Wins Tax Case: Intangible Assets Depreciable

Income Tax : ITAT Delhi rules customer contracts, assembled workforce are intangible assets, allowing Genpact's depreciation claim and affirmin...

June 21, 2025 135 Views 0 comment Print


Latest Notifications


No processing of returns for I-T refund if selected for Scrutiny

Income Tax : Instruction No.1/2015 Clarification regarding applicability of section 143(1D) of the Income-tax Act, 1961- Vide Finance Act, 2012...

January 13, 2015 14157 Views 4 comments Print


ITAT allows section 10(23C)(iiiab) exemption despite Counsel’s Error

June 12, 2025 180 Views 0 comment Print

Chandigarh ITAT condones significant appeal delays, allows Punjab Agricultural University’s tax exemption claim under 10(23C)(iiiab) despite counsel’s filing errors.

Denial of exemption u/s. 11 & 12 set aside as loan borrowed at higher rate solely for benefit of society

June 12, 2025 105 Views 0 comment Print

ITAT Delhi held that denial of exemption u/s. 11 & 12 of the Income Tax Act not justified as loans are borrowed at higher rate solely for the benefit of the society and under the circumstances which are beyond the control of the assessee-society.

Rejection of excess DDT Refund Under India-Mauritius Treaty quashed & matter remanded back

June 12, 2025 138 Views 0 comment Print

Department replied on 29 November 2018, and assessee kept following up for the refund with interest. But no further response came. Revenue rejected the refund, saying the 2018 reply was not a valid order under the Act.

If Applicability of Section 115JB is Debatable, then Rectification Beyond Section 154 Scope

June 12, 2025 114 Views 0 comment Print

ITAT Ahmedabad held that issue of applicability of section 115JB to National Dairy Development Board is debatable and not a mistake apparent from record hence rectification order passed is beyond the scope of section 154 of the Income Tax Act.

Goodwill created upon amalgamation is intangible asset eligible for Section 32 depreciation

June 12, 2025 258 Views 0 comment Print

ITAT Ahmedabad held that goodwill arose from the excess of consideration over the net value of tangible assets transferred in amalgamation and was therefore a valid intangible asset eligible for depreciation under section 32(1)(ii).

No Penalty u/s 273B for Cash Loan Repayment on Lender’s Request to curb Interest Escalation

June 11, 2025 651 Views 0 comment Print

AO held that assessee had made repayment of the loan to M/s. Tata Finance Corporation in that financial year to the extent of Rs. 6,71,939 in cash against the loan taken for commercial vehicle.

Gujarat HC Quashes Income Tax Reopening Notice for Change of Opinion

June 11, 2025 207 Views 0 comment Print

The Gujarat High Court invalidated a tax reopening notice against Hemanshu Ramniklal Shah, ruling it was based on a “change of opinion” rather than new material, after the original assessment was already scrutinized.

Addition u/s 153A for completed assessments couldn’t be made without incriminating material

June 10, 2025 492 Views 0 comment Print

Since the assessments were completed in the case of assesee and there was no incriminating material found during the search in the case of the assessee, the additions made under Section 153A were unsustainable.

Appeal filed within extended time as per Circular 20/2016 cannot be dismissed on ground of delay

June 7, 2025 219 Views 0 comment Print

Gujarat High Court held that appeal filed within extended time on 15.06.2016 as per Circular No. 20/2016 dated 26.05.2016 cannot be dismissed on the ground of delay. Thus, order set aside and matter remanded to CIT(A).

ITAT Allows Appeal Citing No Change in Facts from Previous Years

June 6, 2025 978 Views 0 comment Print

On verification of various documents, CIT(E) noted that in the trust deed it has been categorically mentioned that the trust is a private trust and is set up to impart religious education to a particular caste who accept the principle of Varnashrama Dharma.

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