143(1) (a) mandates issuance of notice before making adjustment: ITAT

DCIT Vs Microland Limited (ITAT Bangalore) Assessee engaged in the business of providing IT Infrastructure management services, Technical Support services etc. Assessee filed its return at Rs. 1,54,57,78,798/- with Tax Liability of Rs. 35,45,45,411/-. Subsequently, the assessee filed a revised return admitting total income at Rs. l,54,57,78,798/- with a tax liability of Rs. 35,26,36,341/- and accordingly claimed refund of Rs. 19,09,070/-. Original return has been processed u/s. 143(1) of the Act on 22.12.2023 by making the following adjustments: (a) ICDS adjustment of Rs. 14,37,45,699/- has be...