ITAT Kolkata Quashes Section 143(1)(a) Addition Made Without SCN

Shree Maheshwari Vidyalaya Vs ITO (ITAT Kolkata) Income Tax Appellate Tribunal (ITAT) Kolkata has deleted a ₹4.20 crore addition made under Section 143(1) of the Income Tax Act, 1961, ruling that the adjustment was invalid due to a procedural lapse. The case involved Shree Maheshwari Vidyalaya vs. ITO, where the assessee, a registered charitable trust, had its claim for exemption under Section 11 disallowed by the Centralized Processing Centre (CPC). The disallowance was made in the intimation issued under Section 143(1) without any prior show cause notice (SCN) being issued to the assessee....