Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Assessment proceedings examined assessee's claim relating to ICDS adjustment made in intimation u/s 143(1). AO issued notices seeking information, assessee provided explanations and documentation supporting claim. AO passed assessment order without adverse findings, indicating acceptance of assessee's claim. However, while computing income, AO considered figure from section 143(1) intimation without deleting ICDS adjustment, despite examining and accepting assessee's claim during assessment proceedings. ITAT found AO should have deleted ICDS adjustment after duly examining and accepting assessee's claim. Consequently, ITAT set aside CIT(A)'s order and directed deletion of ICDS adjustment, allowing assessee's appeal.
Assessment proceedings examined assessee's claim relating to ICDS adjustment made in intimation u/s 143(1). AO issued notices seeking information, assessee provided explanations and documentation supporting claim. AO passed assessment order without adverse findings, indicating acceptance of assessee's claim. However, while computing income, AO considered figure from section 143(1) intimation without deleting ICDS adjustment, despite examining and accepting assessee's claim during assessment proceedings. ITAT found AO should have deleted ICDS adjustment after duly examining and accepting assessee's claim. Consequently, ITAT set aside CIT(A)'s order and directed deletion of ICDS adjustment, allowing assessee's appeal.
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