ITAT Quashes Section 143(1) Adjustment as No Prior Notice Issued

Aragorn Renewable Energy Private Limited Vs DCIT (ITAT Hyderabad) ITAT quashes adjustment u/s 143(1) for failure to issue prior intimation to assessee under first proviso to Section 143(1)(a) Facts: The assessee, Aragorn Renewable Energy Private Limited, is a company incorporated for the purpose of generation of electricity. For Assessment Year 2023–24, the assessee filed its original return of income on 29.11.2023. Subsequently, the assessee filed a revised return of income on 30.12.2023 declaring total income of Rs.1,10,79,560/- and claiming concessional rate of tax under Section 115BAB o...