Assessment Under Sec. 143(3) Doesn’t Auto-Merge with 143(1) Intimation

Areca Trust Vs CIT (Appeals) (ITAT Bangalore) The appellant, Areca Trust, filed an appeal against the order passed by the CIT (Appeals) under section 250 of the Income Tax Act. The grounds raised in the appeal challenged the legality and validity of the Appellate order issued by the CIT (Appeals) and questioned various aspects of the assessment order. The appellant, a Trust, had filed its return of income for Assessment Year 2018-19, declaring a total income of Nil. The return was processed under section 143(1) of the Act, and an amount of Rs.23,29,62,417/- was considered as income chargeable ...