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Case Law Details

Case Name : 3i Infotech Limited Vs DCIT/ACIT (ITAT Mumbai)
Related Assessment Year : 2018-19
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3i Infotech Limited Vs DCIT/ACIT (ITAT Mumbai) ITAT Mumbai held that adjustments made by Central Processing Centre [CPC] under section 143(1) of the Income Tax Act is deleted since the entire adjustments were on account of technical glitches of the CPC system. Facts- The assessee filed its return of Income on 29/03/2019 declaring total income of Rs. Nil after setting off the Profits amounting to Rs. 83,70,22,403/-against brought forward loss under the normal provisions of the Income Tax Act 1961. Thereafter the assessee received the intimation order u/s 143(1) of the Act dated 12/11/2019. The ...
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