CPC can’t make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]

CPC - ITAT - Centralized Processing Centre -Income Tax Act -Assessee - opportunity - Income - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the Centralized Processing Centre (CPC) cannot make an addition under Section 50C of the Income Tax Act, 1961 without giving a proper opportunity to the assessee. The assessee filed her return of by declaring a total income from Long Term Capital Gain of…

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