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Income assessed by CPC, Bangalore cannot be taken as returned income
Case Law Details
- Case Name
- Ranuj Nagrik Sahakari Bank Ltd. Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Ahmedabad
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Ranuj Nagrik Sahakari Bank Ltd. Vs ITO (ITAT Ahmedabad)
Assessee has filed return of income declaring total income at Rs.32,01,050/-which was processed by the CPC, Bangalore under section 143(1) and assessed at Rs.37,66,259/-. In the scrutiny assessment under section 143(3), the ld.AO has taken the income of Rs.37,66,259/- assessed under section 143(1) by the CPC as returned income, instead of returned income of Rs.32,01,050/- declared by the assessee in its original return. The ld.AO ought to have taken the figure of income declared by the assessee in the original return of i...
