ITAT Chennai Deletes ₹24 Cr ICDS Adjustment Made by CPC Under Section 143(1)

Advertisement ACIT Vs Corro Health Infotech Pvt Ltd (ITAT Chennai) The Chennai ITAT dismissed the Revenue’s appeal against the order of the Commissioner of Income Tax (Appeals) for AY 2022-23 concerning adjustments made by the Central Processing Centre (CPC) while processing the assessee’s return under Section 143(1) of the Income-tax Act. The Revenue challenged the deletion of an ICDS adjustment, restoration of carried forward loss/unabsorbed depreciation, and grant of prepaid tax credits. The assessee, engaged in providing integrated revenue cycle management services in the gl...