ITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

HomeDirect TaxITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

ITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

Direct Tax Top Stories

Published on

05/05/2026

By Mariya Paliwala

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has deleted adjustments made by the Central Processing Centre (CPC) relating to loss on sale of fixed assets and disallowance under Section 43B(f), holding that both additions arose due to reporting and reconciliation issues rather than substantive tax defaults. The bench of Rajpal Yadav (Vice…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Tags
Fixed Asset Loss

ITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

Membership Required

Latest articles

Cenvat Credit Can’t Be Denied on Input Services Having Nexus With Manufacturing Activities: CESTAT

Refund Can’t Be Denied Merely Because Deposit Made During Investigation Was Not Marked ‘Under Protest’: CESTAT

Customs Dept. Can’t Enhance Import Value Solely on NIDB Data: CESTAT

Profit Margin on Sale of Imported Gold Bullion Not Taxable as ‘Consignment Agent’ Service: CESTAT

More like this

Cenvat Credit Can’t Be Denied on Input Services Having Nexus With Manufacturing Activities: CESTAT

Refund Can’t Be Denied Merely Because Deposit Made During Investigation Was Not Marked ‘Under Protest’: CESTAT

Customs Dept. Can’t Enhance Import Value Solely on NIDB Data: CESTAT

About us

Company

Categories