Adjustment in intimation u/s 143(1) disallowing deduction u/s 10B was quashed

Halliburton Technology India Private Limited Vs ACIT (Bombay High Court)

Conclusion: High Court quashed the adjustment made in the intimation under Section 143(1) disallowing deduction under Section 10B and declared the rectification order to be null and void as allowability of deduction under Section 10B was examined during regular assessment proceedings and accepted, and therefore the intimation under Section 143(1) stood merged with and superseded by the assessment order under Section 143(3).

Held: Assessee was an exporter of IT-enabled s

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