https://www.taxtmi.com/caselaws?id=767326 ITAT Delhi held that no adjustment under section 50C(1) can be made while processing income tax returns under section 143(1)(a). Following the precedent in Inder Jeet Malik case, the tribunal ruled that such adjustments cannot be incorporated during the processing stage under section 143(1). The assessee's appeal was allowed, establishing that section 50C adjustments require separate assessment proceedings rather than automatic processing adjustments. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767326 ITAT Delhi held that no adjustment under section 50C(1) can be made while processing income tax returns under section 143(1)(a). Following the precedent in Inder Jeet Malik case, the tribunal ruled that such adjustments cannot be incorporated during the processing stage under section 143(1). The assessee's appeal was allowed, establishing that section 50C adjustments require separate assessment proceedings rather than automatic processing adjustments. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767326