https://www.taxtmi.com/caselaws?id=784918 Processing a return under section 143(1) is limited to the incorrect claims apparent from the return and the information available with it. Mere non-filing of Form 10B within the due date under section 139(1) does not, by itself, make the exemption claim under section 11 an incorrect claim capable of adjustment at the processing stage. On that basis, disallowance of the exemption was treated as beyond the scope of section 143(1), and the CPC adjustment was held invalid with the intimation to be amended in favour of the assessee. en-us Tue, 29 Apr 2025 00:00:00 +0530 Wed, 14 Jan 2026 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784918 Processing a return under section 143(1) is limited to the incorrect claims apparent from the return and the information available with it. Mere non-filing of Form 10B within the due date under section 139(1) does not, by itself, make the exemption claim under section 11 an incorrect claim capable of adjustment at the processing stage. On that basis, disallowance of the exemption was treated as beyond the scope of section 143(1), and the CPC adjustment was held invalid with the intimation to be amended in favour of the assessee. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784918