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ITAT allowed the appeal and quashed the intimation under s. 143(1) issued by the DDIT, CPC, Bengaluru. The Tribunal found the intimation invalid as the Revenue issued a query on 26/12/2023 giving the assessee 30 days to respond but passed the s. 143(1) intimation on 29/12/2023 after only two days, treating gross receipts as taxable income and disallowing claimed exemption under s. 10(23C)(iiiac). The Tribunal held this denial of the statutory 30-day response period violated principles of natural justice and constituted a jurisdictional defect, rendering the intimation vitiated in law.
ITAT allowed the appeal and quashed the intimation under s. 143(1) issued by the DDIT, CPC, Bengaluru. The Tribunal found the intimation invalid as the Revenue issued a query on 26/12/2023 giving the assessee 30 days to respond but passed the s. 143(1) intimation on 29/12/2023 after only two days, treating gross receipts as taxable income and disallowing claimed exemption under s. 10(23C)(iiiac). The Tribunal held this denial of the statutory 30-day response period violated principles of natural justice and constituted a jurisdictional defect, rendering the intimation vitiated in law.
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