https://www.taxtmi.com/highlights?id=89489 ITAT allowed the assessee's appeal challenging tax computation. The CPC's adjustment of tax rate from 25% to 30% was deemed unjustified, primarily because the adjustment was made on a debatable issue regarding gross turnover calculation without providing the assessee an opportunity to be heard, which violated the first proviso to section 143(1). The tribunal found that the issues surrounding service tax input credit, interest income, and recovery of bad debts constituted a complex interpretative matter that could not be summarily resolved through a unilateral adjustment. Consequently, the computational order was set aside, restoring the original tax assessment at 25%. en-us Tue, 17 Jun 2025 07:57:58 +0530 Tue, 17 Jun 2025 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89489 ITAT allowed the assessee's appeal challenging tax computation. The CPC's adjustment of tax rate from 25% to 30% was deemed unjustified, primarily because the adjustment was made on a debatable issue regarding gross turnover calculation without providing the assessee an opportunity to be heard, which violated the first proviso to section 143(1). The tribunal found that the issues surrounding service tax input credit, interest income, and recovery of bad debts constituted a complex interpretative matter that could not be summarily resolved through a unilateral adjustment. Consequently, the computational order was set aside, restoring the original tax assessment at 25%. Highlights Income Tax Tue, 17 Jun 2025 07:57:58 +0530 https://www.taxtmi.com/highlights?id=89489