https://www.taxtmi.com/caselaws?id=35055 The High Court ruled in favor of the assessee, emphasizing that the statement accompanying the return should have been considered before making any adjustments under Section 143(1)(a) of the Income Tax Act. The Court held that the Income Tax Officer should have taken into account all relevant information provided by the assessee, including details showing the actual source of income, before confirming the intimation. The Court considered the Board circular on prima facie disallowances and set aside the Tribunal's decision, allowing the Tax Case Appeal. en-us Tue, 11 Sep 2007 00:00:00 +0530 Sat, 12 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35055 The High Court ruled in favor of the assessee, emphasizing that the statement accompanying the return should have been considered before making any adjustments under Section 143(1)(a) of the Income Tax Act. The Court held that the Income Tax Officer should have taken into account all relevant information provided by the assessee, including details showing the actual source of income, before confirming the intimation. The Court considered the Board circular on prima facie disallowances and set aside the Tribunal's decision, allowing the Tax Case Appeal. Case-Laws FEMA Tue, 11 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35055