https://www.taxtmi.com/caselaws?id=456691 The ITAT Mumbai held that CPC Bangalore violated natural justice principles by adjusting returned income under section 143(1)(a) without providing proper notice or hearing opportunity to the assessee. The tribunal declared this action null and void for lack of jurisdiction. Regarding TDS claims, the court ruled that if an assessee proves amount deduction and corresponding income consideration in returns, the claim should be allowed regardless of Form 26AS reflection. Interest charges under section 234B were deemed consequential and required recalculation, while section 234C interest was limited to declared return income only. en-us Mon, 20 Mar 2023 00:00:00 +0530 Sat, 10 Aug 2024 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456691 The ITAT Mumbai held that CPC Bangalore violated natural justice principles by adjusting returned income under section 143(1)(a) without providing proper notice or hearing opportunity to the assessee. The tribunal declared this action null and void for lack of jurisdiction. Regarding TDS claims, the court ruled that if an assessee proves amount deduction and corresponding income consideration in returns, the claim should be allowed regardless of Form 26AS reflection. Interest charges under section 234B were deemed consequential and required recalculation, while section 234C interest was limited to declared return income only. Case-Laws Income Tax Mon, 20 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456691