What are the effects on the body with increased calories and increased exercise

Lets say TDEE is 2500, whether you're eating at a surplus or deficit, what happens if you increase caloric intake by 300-500 and then do cardio work to make up for it so it cancels out, what are the effects on the body? i assume this increases risk of overtraining, but will progress be better? ive read though the FAQ it doesnt look like this is addressed

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