https://www.taxtmi.com/caselaws?id=752652 The HC held that Section 143(1A) applies only when adjustments are made under Section 143(1)(a), not under scrutiny assessment under Section 143(3). When the intimation issued under Section 143(1)(a) was set aside by CIT(A) and the AO subsequently initiated scrutiny assessment under Section 143(3), the basis for invoking Section 143(1A) was destroyed. The court emphasized that only one assessment order can exist per assessment year, and the subsequent Section 143(3) assessment subsumed the earlier Section 143(1)(a) intimation, making it unenforceable for additional tax demand. Decision favoured the assessee against revenue. en-us Fri, 03 May 2024 00:00:00 +0530 Wed, 15 May 2024 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752652 The HC held that Section 143(1A) applies only when adjustments are made under Section 143(1)(a), not under scrutiny assessment under Section 143(3). When the intimation issued under Section 143(1)(a) was set aside by CIT(A) and the AO subsequently initiated scrutiny assessment under Section 143(3), the basis for invoking Section 143(1A) was destroyed. The court emphasized that only one assessment order can exist per assessment year, and the subsequent Section 143(3) assessment subsumed the earlier Section 143(1)(a) intimation, making it unenforceable for additional tax demand. Decision favoured the assessee against revenue. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752652