ITAT Rules Doctrine of Merger not applicable to Income Retained by CPC from Intimation u/s 143(1)(a) of Income Tax Act [Read Order]

The bench dismissed the assessee’s appeal, stating that the initial CPC intimation remained effective and advising the assessee to consider other relief options

By Sneha Sukumaran Mullakkal - On November 2, 2024 10:45 am - 2 mins read

ITAT - ITAT Kolkata - Income Tax - Income Tax Act - Section 143(1)(a) of Income Tax Act - Doctrine of Merger - Taxscan

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the doctrine of merger did not apply to the income retained by the CPC in its intimation under Section 143(1)(a) of the Income Tax Act,1961. MSTC Ltd.,the appellant-assessee,operated in e-commerce and trading, providing services for various commodities and conducting e-auctions for assets….

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here