2026 (4) TMI 896

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ri Bhavin Shah For the Respondent : Shri Nakul Agrawal (SR DR) ORDER PER BIJYANANDA PRUSETH, AM: This appeal filed by the assessee emanates from the order passed under section 250 of the Income-tax Act, 1961 (in short, 'Act') by the Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre [in short, 'CIT(A)'], dated 02.07.2025 for the assessment year (AY) 2020-21. 2. Th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rn was processed by CPC u/s 143(1) of the Act on 30.07.2021 at total income of Rs.Nil (current year loss of Rs.5,58,54,430/-). The case was selected for complete scrutiny and various notices were issued as per the details in para 2 of the assessment order. The AO has computed the total income without any addition and adopted the total income as computed u/s 143(1)(a) of the Act. 4. Aggrieved by....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the assessee filed appeal before the Tribunal. The Ld. AR has filed a paper book enclosing therein chronology of the events for the year under consideration, relevant extracts of TAR and ITR, intimation u/s 143(1) dated 15.05.2023, rectification application to AO u/s 154 dated 06.07.2023. He submitted that the AO has not yet disposed of the application u/s 154 of the Act. He submitted that the mi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he AO has not added any amount but has accepted the amount of reduced loss determined in the intimation u/s 143(1) of the Act. The CIT(A) has dismissed the appeal of the assessee by holding that an intimation u/s 143(1) of the Act is an appealable order before the CIT(A) u/s 246A of the Act. We find that both intimation u/s 143(1) as well as order of assessment u/s 143(3) are appealable orders u/s....