https://www.taxtmi.com/caselaws?id=760101 ITAT Delhi ruled in favor of the assessee regarding validity of assessment under section 143(1). The tribunal found that intimation under section 143(1) was passed after case selection for regular assessment without giving the assessee opportunity. The addition was based on tax auditor's mistake in column 21(a) of audit report, where assessee made no claim of contingent liability in profit and loss account. AO completed assessment under section 143(3) without verification, adopting taxable income from section 143(1) intimation. ITAT directed AO to delete additions made in gross taxable income, allowing assessee's appeal for speedy justice. en-us Wed, 09 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 08:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760101 ITAT Delhi ruled in favor of the assessee regarding validity of assessment under section 143(1). The tribunal found that intimation under section 143(1) was passed after case selection for regular assessment without giving the assessee opportunity. The addition was based on tax auditor's mistake in column 21(a) of audit report, where assessee made no claim of contingent liability in profit and loss account. AO completed assessment under section 143(3) without verification, adopting taxable income from section 143(1) intimation. ITAT directed AO to delete additions made in gross taxable income, allowing assessee's appeal for speedy justice. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760101