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of <h1>CBDT Circular Clarifies Income Tax Return Adjustments u/s 143(1) for ITR Forms 2, 3, 4, 5, and 6.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) provides guidelines for processing income-tax returns filed in Forms ITR-2, 3, 4, 5, and 6 under section 143(1) of the Income-tax Act. It addresses the applicability of section 143(1)(a)(vi), which involves adjustments based on discrepancies between income reported in tax returns and information in Forms 26AS, 16A, or 16. The circular clarifies when adjustments should be made, particularly noting instances where income data is incomparable or incomplete, such as in ITR-4 for certain income heads, or where business receipts and capital gains are involved.
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