https://www.taxtmi.com/caselaws?id=465262 The ITAT Kolkata allowed the assessee's appeal, holding that the intimation issued under section 143(1) treating corpus donations as taxable income was invalid. It found that the Centralized Processing Centre failed to comply with the mandatory requirement in the first proviso to section 143(1), namely, to issue an intimation setting out the reasons for the adjustment. Absence of such prior intimation rendered the adjustment process fundamentally defective. The Tribunal held that this infirmity was incurable and consequently quashed the section 143(1) intimation in its entirety, thereby deleting the addition made towards corpus donation. en-us Tue, 05 Aug 2025 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465262 The ITAT Kolkata allowed the assessee's appeal, holding that the intimation issued under section 143(1) treating corpus donations as taxable income was invalid. It found that the Centralized Processing Centre failed to comply with the mandatory requirement in the first proviso to section 143(1), namely, to issue an intimation setting out the reasons for the adjustment. Absence of such prior intimation rendered the adjustment process fundamentally defective. The Tribunal held that this infirmity was incurable and consequently quashed the section 143(1) intimation in its entirety, thereby deleting the addition made towards corpus donation. Case-Laws Income Tax Tue, 05 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465262