$H_3PO_3 \xrightarrow{\Delta} H_3PO_4 + PH_3$
$P - H$ bond is responsible for it is reducing character, $H _{3} PO _{4}$ doesnot have.
$H _{3} PO _{3}$ is a dibasic acid in oxyacids of phosphors $O - H$ bond is ionisable where as $P - H$ bond is non ionizable.