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When Adjustment u/s 143(1) Is Deleted in Appeal, Assessment Based on Such Adjustment Cannot Survive: ITAT Bangalore
Case Law Details
- Case Name
- Taegu Tec India Private Limited Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Bangalore
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Taegu Tec India Private Limited Vs DCIT (ITAT Bangalore)
The ITAT Bangalore held that where an addition made through intimation u/s 143(1) is subsequently deleted in appeal, the assessment order u/s 143(3) based on such adjusted income cannot be sustained, and the income must revert to the returned income.
In this case, the assessee filed its return declaring income of ₹63.92 crore. However, the CPC while processing the return made an adjustment of ₹45.64 crore under Section 143(1) due to an alleged mismatch between the return and the tax audit report, resulting in a total income of ₹109...
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