Scope of prima facie adjustment u/s 143(1) by CPC - debatable ...

Income Tax

October 12, 2023

Scope of prima facie adjustment u/s 143(1) by CPC - debatable issue - In this very case, although in one year the same amount was treated as stipend exempt u/s 10(16) of the Act and in year two said amount was treated to be taxable income. Hence, issue was not simple but a debatable one - Revenue was clearly in error in making aforesaid adjustments. - AT

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Scope of prima facie adjustment u/s 143(1) by CPC - debatable ...

Income Tax

October 12, 2023

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