Summary
- The ITAT Delhi has ruled that adjustments under CPC Section 143(1) are invalid if made without prior intimation to the taxpayer.
- The Tribunal emphasized that failing to issue a notice before adjustments contravenes the mandatory provisions of Section 143(1)(a).
- This procedural lapse leads to the entire adjustment being deemed legally unsustainable.
- Taxpayers may now challenge such adjustments, potentially impacting numerous cases across the board.
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