27 October 2011
1.when do A.o. issue notice u/s 142(1) and notice u/s 143(2)? 2. can A.o. complete assessment only by issuing notice u/s 142(1)? 3.for scrutiny assessment is it required to send notice u/s 143(2)?
Please explain me the difference between notice u/s 142(1) and 143(2)
27 October 2011
Notice u/s 143(2) is pre-requisite for initiating scrutiny u/s 143(3)
No,Ao cannot complete assessment only by issuing notice u/s 142(1) alone.
Notice u/s 142(1) is a type of inquiry before assessment whereas notice u/s 143(2) is for scrutiny assessment.Notice u/s 142(1) can be issued even if assessee has not filed return while it is not the same u/s 143(2).