https://www.taxtmi.com/caselaws?id=755430 ITAT Mumbai held that adjustment made under section 143(1) without providing reasonable opportunity to assessee violated the second proviso of section 143(1). The tribunal noted inconsistency where the same return was accepted under section 143(3) proceedings but rejected under section 143(1). The AO failed to follow mandatory procedural requirements by not giving the assessee reasonable opportunity before making adjustments. Consequently, the additions were deleted, the appeal order was set aside, and the assessee's appeal was allowed. en-us Tue, 09 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 08:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755430 ITAT Mumbai held that adjustment made under section 143(1) without providing reasonable opportunity to assessee violated the second proviso of section 143(1). The tribunal noted inconsistency where the same return was accepted under section 143(3) proceedings but rejected under section 143(1). The AO failed to follow mandatory procedural requirements by not giving the assessee reasonable opportunity before making adjustments. Consequently, the additions were deleted, the appeal order was set aside, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755430