2020 (2) TMI 1489

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....nt : Shri B.Satyanaraya Raju, DR ORDER Per Shri D.S.Sunder Singh, Accountant Member : This appeal is filed by the assessee against the order of the Commissioner of Income Tax (Appeals) [CIT(A)]-6, Hyderabad in I.T.A.No.10607/2018-19/B3/CIT(A)-6 dated 18.02.2019 for the Assessment Year (A.Y.)2015-16. 2. All the grounds of appeal are related to the issue of adjustments made u/s 143(1)(a) of the ....

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....om which the cost of development to the extent of Rs. 7,31,016/- was claimed as deduction and the balance amount of Rs. 24,06,984/- was invested in bank fixed deposits which is eligible for deduction u/s 11(1A)(a) of the Act. The assessee also enclosed the details of fixed deposits made in page No.28 of the paper book and argued that the adjustments made by the AO u/s 143(1)(a) is not permissible ....

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....oviso to section 143(1)(a), the AO is required to give an intimation before making such adjustments, either in writing or in electronic mode and the department has not demonstrated that it has given an intimation to the assessee proposing to make such adjustments. Therefore, the adjustment made by the CPC u/s 143(1)(a) is beyond the scope of the said section, hence, not permissible and accordingly....