Section 50C Adjustment Barred at Return Processing Stage: ITAT Delhi

CK International Pvt. Ltd. Vs ITO (ITAT Delhi)

Section 50C Adjustment Beyond Scope of 143(1): ITAT Deletes CPC Addition Made at Return Processing Stage

The Delhi Bench “C” of the ITAT, in CK International Pvt. Ltd. v. ITO (AY 2019-20), allowed the assessee’s appeal and held that adjustment under section 50C cannot be made while processing the return under sectio

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