CPC Exceeded 143(1) Powers by Rewriting Dividend Income

Asokkumar Vignesh Vs ACIT (ITAT Chennai) 143(1) Has Limits: CPC Can’t Rewrite Dividend Income-Schedule BP Entry Not an Incorrect Claim: ITAT Grants Relief In Asokkumar Vignesh Vs. ACIT-  ITA No.3001/Chny/2025, AY 2020-21, order dated 31.12.2025, Chennai ITAT allowed Assessee’s appeal & set aside CPC’s prima facie adjustment u/s 143(1) relating to dividend income. Assessee had correctly offered taxable dividend of ₹17.61 lakh after claiming exemption of ₹10 lakh u/s 115BBDA from total dividend of ₹27.61 lakh. However, CPC while processing return u/s 143(1) wrongly adopted entir...