Case Law Details
Paras Kuhad Vs DCIT (ITAT Jaipur)
ITAT Jaipur held that since the intimation under section 143(1) of the Income Tax Act, 1961 is not reflected in the online system, there cannot remain any consequent grievances on account of the said intimation.
Facts-
The assessee is a Senior Advocate practicing in the Supreme Court of India and had filed his Return of Income for the year under appeal u/s 139(1) on 28.10.2017 declaring total income of Rs. 6,12,66,320/- (APB 1-7). The Return of Income so filed was revised u/s 139(5) on 30.09.2018 i.e. within the statutory time limit provided for revising the return. The return was revised declaring total income at Rs. 6,19,02,760/- (APB 8 14) which amounted to an onward revision of return by Rs. 6,36,440/- [6,19,02,760 6,12,66,320]. The Revised Return filed by the assessee was taken-cognizance of and it was processed by the department and vide intimation u/s 143(1)(a) assessee was informed that adjustment of Rs.4,37,99,929/- was made to the Returned Income of assessee, resulting into an addition of Rs. 4,37,99,929/-.
Aggrieved from the said initiation u/s. 143(1)(a) of the Act the assessee moved an appeal before the ld. CIT(A).
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