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U/s 143(1)(a) Adjustment Invalid Without Prior Intimation; No Addition for Bad Debt Already Offered to Tax – ITAT Mumbai
Case Law Details
- Case Name
- DCIT Vs DBS Bank India Limited (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs DBS Bank India Limited (ITAT Mumbai)
U/s 143(1)(a) Adjustment Invalid Without Prior Intimation – Bad Debt Recovery Already Offered to Tax – CPC Addition Deleted – ITAT Mumbai
CPC made adjustment of ₹2.88 Cr u/s 143(1)(a) alleging mismatch between ROI & audit report by adding bad debt recovery to income. CIT(A) deleted adjustment holding that no prior intimation/show cause was issued as mandated by proviso to Sec 143(1)(a). Revenue challenged deletion.
ITAT held that adjustment u/s 143(1)(a) cannot be made without giving prior intimation and opportunity to r...
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