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RU
ITAT Chennai Deletes ₹24 Cr ICDS Adjustment Made by CPC Under Section 143(1)
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AdvertisementACIT Vs Corro Health Infotech Pvt Ltd (ITAT Chennai) The Chennai ITAT dismissed the Revenue’s appeal against the order of the Commissioner of Income Tax (Appeals) for AY 2022-23 concerning adjustments made by the Central Processing Centre (CPC) while processing the assessee’s return under Section 143(1) of the Income-tax Act.
The Revenue challenged the deletion of an ICDS adjustment, restoration of carried forward loss/unabsorbed depreciation, and grant of prepaid tax credits.
The assessee, engaged in providing integrated revenue cycle management services in the global healthcare i...