https://www.taxtmi.com/caselaws?id=772183 ITAT Kolkata set aside the CIT(A) order and remanded the matter for fresh consideration regarding adjustment under section 143(1)(a). The Tribunal held that no adjustment could be made without issuing a show cause notice to the assessee. Prima facie, it appeared no show cause notice was issued, making the addition unjustified. The matter was remitted to CIT(A) to ascertain facts and determine if exemption was allowable, noting that filing Form 10B audit report is directory, not mandatory. The assessee's appeal was allowed for statistical purposes. en-us Fri, 04 Apr 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772183 ITAT Kolkata set aside the CIT(A) order and remanded the matter for fresh consideration regarding adjustment under section 143(1)(a). The Tribunal held that no adjustment could be made without issuing a show cause notice to the assessee. Prima facie, it appeared no show cause notice was issued, making the addition unjustified. The matter was remitted to CIT(A) to ascertain facts and determine if exemption was allowable, noting that filing Form 10B audit report is directory, not mandatory. The assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772183