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TMI Blog2023 (6) TMI 1382X X X X Extracts X X X X X X X X Extracts X X X X ..... 143(3) - processing of return by Centralised Processing Centre (CPC) - adjustment has been made in respect of claim under Income and Computation Disclosure Standard (ICDS)-III towards value of contract in progress at net realisable value - CIT(A) has given relief by holding that the adjustment made in processing of return is beyond the scope of prima facie adjustment prescribed u/s. 143(1) - HELD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ational Faceless Appeal Centre (NFAC) vide Order No. ITBA/NFAC/S/250/2021-22/1041345222(1) dated 23.03.2022 against the assessment order of Income Tax Department, National e-Assessment Centre, Delhi u/s. 143(3) r.w.s. 143(3A) 143(3B) of the Income-tax Act, 1961 (hereinafter referred to as the Act ), dated 16.04.2021 for AY 2018- 19. 2. Grounds raised by the Revenue are reproduced as under: 1. On t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... against the intimation passed u/s. 143(1)(a) of the Act on account of processing of return by Centralised Processing Centre (CPC), Bengaluru. Ld. CIT(A) has given relief by holding that the adjustment made in processing of return is beyond the scope of prima facie adjustment prescribed u/s. 143(1) of the Act. It is pertinent to note that the adjustment has been made in respect of claim under Inco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). 3.2. We note that once an assessment order has been passed u/s. 143(3), the intimation u/s. 143(1) merges into the said assessment order and looses its standalone existence. The chronology of events in this respect is important which is as under: (i) Intimation u/s. 143(1) : 27.02.2020; (ii) Assessment order u/s. 143(3) : 16.04.2021 (intimation merges); (iii) CIT(A) order against 143(1) intimat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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