https://www.taxtmi.com/caselaws?id=272003 The High Court upheld the Tribunal's decision, determining that the adjustments made by the Assessing Officer under Section 143(1)(a) of the Income Tax Act, disallowing interest payable to IFCI and sales tax penalty, were not prima facie adjustments. The Assessing Officer's actions were deemed unsustainable as they were made without following proper procedures outlined in the Act. Consequently, the Court ruled in favor of the assessee, concluding that the adjustments were beyond the scope of Section 143(1)(a), leading to the disposal of the reference in favor of the assessee. en-us Wed, 13 Jan 2016 00:00:00 +0530 Wed, 24 Feb 2016 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272003 The High Court upheld the Tribunal's decision, determining that the adjustments made by the Assessing Officer under Section 143(1)(a) of the Income Tax Act, disallowing interest payable to IFCI and sales tax penalty, were not prima facie adjustments. The Assessing Officer's actions were deemed unsustainable as they were made without following proper procedures outlined in the Act. Consequently, the Court ruled in favor of the assessee, concluding that the adjustments were beyond the scope of Section 143(1)(a), leading to the disposal of the reference in favor of the assessee. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272003