https://www.taxtmi.com/caselaws?id=751841 The ITAT Kolkata quashed an assessment order u/s 143(1) as the CPC AO made adjustments without providing mandatory prior intimation to the assessee as required under the first proviso of section 143(1)(a). The tribunal held this order invalid and nullity in law. Additionally, the tribunal allowed exemption u/s 11 to the trust, finding no delay in filing return and Form 10B due to COVID-19 pandemic, relying on SC's extension of limitation periods. The CIT(A)'s order denying exemption and disallowing capital/revenue expenses was set aside, directing the AO to allow section 11 exemption. en-us Fri, 02 Feb 2024 00:00:00 +0530 Mon, 29 Apr 2024 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751841 The ITAT Kolkata quashed an assessment order u/s 143(1) as the CPC AO made adjustments without providing mandatory prior intimation to the assessee as required under the first proviso of section 143(1)(a). The tribunal held this order invalid and nullity in law. Additionally, the tribunal allowed exemption u/s 11 to the trust, finding no delay in filing return and Form 10B due to COVID-19 pandemic, relying on SC's extension of limitation periods. The CIT(A)'s order denying exemption and disallowing capital/revenue expenses was set aside, directing the AO to allow section 11 exemption. Case-Laws Income Tax Fri, 02 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751841