Held that no intimation was given to the assessee before making the adjustment towards capital gains and accumulation of income under section 11(2) of the Act. Therefore, the adjustment made by the Assessing Officer towards capital gains and accumulation of income under section 11(2) of the Act had to be deleted. (AY. 2015-16)
Ceylon Pentecostal Mission v. ACIT (2021) 214 TTJ 651 / 91 ITR 54 (SN) / 207 DTR 249 (Chenai)(Trib.)
S. 143(1)(a) : Assessment-Intimation-Prima facie adjustments-Capital gains-Exemption denied-No intimation before making adjustments-Adjustments is not sustainable. [S. 11(1A), 11(2)]