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TMI Blog2024 (5) TMI 441X X X X Extracts X X X X X X X X Extracts X X X X ..... e by the CPC vide intimation u/s. 143(1) is hereby set-aside. Appeal filed by the assessee stands allowed. - Shri Inturi Rama Rao, Accountant Member And Shri Vinay Bhamore, Judicial Member For the Assessee : None For the Revenue : Shri Manoj Tripathi ORDER PER INTURI RAMA RAO, AM: This is an appeal filed by the assessee directed against the order of National Faceless Appeal Centre, Delhi dated 24.01.2024 for the assessment year 2017-18. 2. Briefly, the facts of the case are that the appellant is an individual engaged in the business of execution of contracts. The appellant filed the return of income for the A.Y. 2017-18 on presumptive basis u/s. 44AD declaring income of Rs. 14,66,570/-. The said return of income was processed by the DCIT, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determination is whether the CPC was justified in invoking the provisions of section 44ADA of the Act. The scope of adjustments u/s. 143(1) is defined as under : 143. (1) Where a return has been made under section 139, or in response to a notice under sub-section (1) of section 142, such return shall be processed in the following manner, namely: ( a ) the total income or loss shall be computed after making the following adjustments, namely: ( i ) any arithmetical error in the return; ( ii ) an incorrect claim, if such incorrect claim is apparent from any information in the return; ( iii ) disallowance of loss claimed, if return of the previous year for which set off of loss is claimed was furnished beyond the due date specified under sub-s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucted at source, any tax collected at source, any advance tax paid, any relief allowable under section 89, any relief allowable under an agreement under section 90 or section 90A, or any relief allowable under section 91, any rebate allowable under Part A of Chapter VIII, any tax paid on self-assessment and any amount paid otherwise by way of tax , interest or fee; ( d ) an intimation shall be prepared or generated and sent to the assessee specifying the sum determined to be payable by, or the amount of refund due to, the assessee under clause ( c ); and ( e ) the amount of refund due to the assessee in pursuance of the determination under clause ( c ) shall be granted to the assessee: Provided that an intimation shall also be sent to the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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