2026 (1) TMI 590

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.... Revenue : Shri Sanjay Jain, Sr.DR ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee against the order of the Learned Commissioner of Income Tax, National Faceless Appeal Centre, Delhi [hereinafter referred to as 'CIT(A)'], dated 12/12/2024 passed for the Assessment Year (AY) 2022-23. 2. The assessee, in this appeal, has taken following groun....

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....n exceeding Rs 3 lakhs u/s 10(10AA)(ii) of the Act considering the invalid Gazette Notification No 50588 E dated 31.05.2002 issued by CBDT effective 01.04.1998. 4. On merit also, the exemption claimed by the appellant exceeding Rs. 3 lakhs is allowable. 5. Your appellant craves leave to add amend alter any ground of appeal." 3. The brief facts of the case are that the assessee....

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....ortunity to the assessee to furnish the reply and defend his case. He has further submitted that as per the relevant provisions of section 143(1) of the Act, the CPC/Assessing Officer (AO) was supposed to give intimation to the assessee in respect of any proposed adjustments while processing the return of income of the assessee and was also supposed to consider the response, if any, given by the a....