Whether the addition under section 50C(1) can fall within the ambit of adjustments provided under section 143(1)(a) of the Act? Here is an interesting issue before Delhi ITAT regarding the scope of section 143(1)(a). Whether the addition/adjustment of Rs. 36,51,250/- made under section 50C(1) of the Income Tax Act, 1961 (hereinafter ‘the Act’) can fall…
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