https://www.taxtmi.com/highlights?id=71258 Exemption u/s. 11 denied - Validity of intimation issued u/s. 143(1)(a) - there are two aspects which emerges on this issue as to whether the disallowance made is a permissible adjustment contained in sec. 143(1)(a) and whether this adjustment, if permissible, has been made in compliance to 1st proviso to sec. 143(1)(a) of the Act. - As perusal of the provisions contained in sec. 143(1)(a) of the Act, we find that on both the aspects, the revenue fails. - AT en-us Wed, 02 Aug 2023 13:25:26 +0530 Wed, 02 Aug 2023 13:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71258 Exemption u/s. 11 denied - Validity of intimation issued u/s. 143(1)(a) - there are two aspects which emerges on this issue as to whether the disallowance made is a permissible adjustment contained in sec. 143(1)(a) and whether this adjustment, if permissible, has been made in compliance to 1st proviso to sec. 143(1)(a) of the Act. - As perusal of the provisions contained in sec. 143(1)(a) of the Act, we find that on both the aspects, the revenue fails. - AT Highlights Income Tax Wed, 02 Aug 2023 13:25:26 +0530 https://www.taxtmi.com/highlights?id=71258