Addition Based Solely on Inadvertent Tax Audit Report Error Cannot Be Sustained u/s 143(1): ITAT Bangalore

Solutions Infini Technologies (India) Pvt. Ltd. Vs DCIT (ITAT Bangalore) Addition Based Solely on Inadvertent Tax Audit Report Error Cannot Be Sustained u/s 143(1): ITAT Bangalore The ITAT Bangalore held that an adjustment made under Section 143(1) merely due to an inadvertent error in the Tax Audit Report cannot be sustained, particularly when the assessee demonstrates that no such expenditure or provision actually exists in the books of account. In this case, while processing the return under Section 143(1), the CPC made an addition of ₹1.95 crore treating it as disallowable provision for ...