Adjustment under Section 143(1)(a) is not permissible on Debatable Issue: ITAT [Read Order]

Adjustment - permissible - debatable issue - ITAT - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Annapurna Gupta, AM and Shri T R Senthil kumar, JM has held that adjustment u/s 143(1)(a) is not permissible on a debatable issue. The assessee a charitable trust registered under the Income Tax Act, 1961 and enjoying benefits of sections 11 and 80G of…

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