https://www.taxtmi.com/caselaws?id=470020 An adjustment denying a claim for accumulation of income is examined in the context of an intimation under Section 143(1) of the Income-tax Act, 1961. The analysis states that where deciding the claim requires factual verification, the matter falls within regular assessment proceedings under Section 143(3), rather than the limited processing framework under Section 143(1). It also identifies the absence of a mandatory prior show cause notice before making the adjustment as a statutory procedural defect. On the stated analysis, the intimation was considered unsustainable and the adjustment was deleted in favour of the assessee. en-us Wed, 12 Mar 2025 00:00:00 +0530 Mon, 13 Jul 2026 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470020 An adjustment denying a claim for accumulation of income is examined in the context of an intimation under Section 143(1) of the Income-tax Act, 1961. The analysis states that where deciding the claim requires factual verification, the matter falls within regular assessment proceedings under Section 143(3), rather than the limited processing framework under Section 143(1). It also identifies the absence of a mandatory prior show cause notice before making the adjustment as a statutory procedural defect. On the stated analysis, the intimation was considered unsustainable and the adjustment was deleted in favour of the assessee. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470020