Technical Error in Schedule BP Cannot Justify Retaining 143(1) Adjustment 143(3) After Scrutiny

Standard Castings Private Limited Vs ITO (ITAT Delhi) Section 143(1) Intimation Merges into 143(3) Scrutiny—AO Must Rectify Apparent Punching Error & Cannot Retain CPC Adjustment; CIT(A)’s ‘Not Maintainable’ View Reversed  The Assessee filed return for AY 2018-19 declaring NIL income under normal provisions and ₹5.57 crore as book profit u/s 115JB. CPC processed the return u/s 143(1) and computed income at ₹7,08,56,368, because an apparent punching mistake occurred—long-term & short-term capital gains of ₹12.07 crore were wrongly entered in Schedule BP, Row 3c (other s...