The Tribunal held that when an adjustment made in the CPC intimation is subsequently deleted in appeal, the scrutiny assessment relying on that adjustment cannot continue. The income was therefore ...

After you file your Income Tax Return (ITR), the Income Tax Department runs a preliminary check to verify your submission. Based on this review, it sends you an automated notice under Section 143(1) ...

The tribunal considered whether CPC could rely solely on the original tax audit report to make an adjustment. It held that corrections through revised reports and financial records must be examined ...

There are different stages of income tax return filing. Once you file your income tax return, the next step is to verify it. Upon processing of your filed and verified income tax return (ITR) by the ...

Union Finance Minister Nirmala Sitharaman has proposed a revision to Section 143(1) of the Income Tax Act, 1961, with the Income Tax Department also releasing FAQs regarding this change. The Finance ...

After an income tax return (I-T return) has been filed, the tax department sends an intimation under section 143(1) to highlight any discrepancy that might arise from a lower tax paid than what was ...