https://www.taxtmi.com/caselaws?id=425964 The Tribunal ruled in favor of the assessee in a tax credit disallowance case. It held that the adjustment made by CPC without issuing notice to the assessee was not sustainable under section 143(1)(a). Additionally, the AO's disallowance of tax credit due to non-disclosure of corresponding income was overturned as the CIT (A) failed to consider the presented facts. The Tribunal emphasized the importance of due process and proper consideration of facts in tax assessments, ultimately allowing the assessee's appeal. en-us Wed, 03 Aug 2022 00:00:00 +0530 Thu, 09 Mar 2023 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425964 The Tribunal ruled in favor of the assessee in a tax credit disallowance case. It held that the adjustment made by CPC without issuing notice to the assessee was not sustainable under section 143(1)(a). Additionally, the AO's disallowance of tax credit due to non-disclosure of corresponding income was overturned as the CIT (A) failed to consider the presented facts. The Tribunal emphasized the importance of due process and proper consideration of facts in tax assessments, ultimately allowing the assessee's appeal. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425964