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CPC Exceeded 143(1) Powers by Rewriting Dividend Income
Case Law Details
- Case Name
- Asokkumar Vignesh Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Chennai
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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) wron...
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