Section 143(1) Adjustment Infructuous After 143(3) Scrutiny Assessment

GEBBS Healthcare Solutions Private Limited Vs DCIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai recently allowed an appeal filed by GEBBS Healthcare Solutions Private Limited against an order of the Additional/Joint Commissioner of Income Tax (Appeals) [CIT(A)]. The case centered on an adjustment made under Section 143(1) of the Income Tax Act, 1961, for the assessment year 2018-19. The CIT(A) had confirmed the adjustment made by the Assessing Officer (AO) related to the reversal of deferred tax to book profit computed under Section 115JB. GEBBS Healthcare Solutions argued tha...