AO Must Correct CPC Error, ITAT Kolkata Delete ₹3.09 Crore Adjustment

Landis +Gyr Limited Vs DCIT (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) in Kolkata addressed an appeal filed by Landis +Gyr Limited against an order issued by the Commissioner of Income-tax (Appeals) [CIT(A)]. The core issue revolved around the CIT(A)’s confirmation of a ₹3,09,80,426 reduction in the assessee’s carry-forward loss, which was initially adjusted during the processing of the income tax return under Section 143(1) of the Income Tax Act by the Centralized Processing Center (CPC) in Bangalore. The assessee had declared a nil total income but claimed a carry-...