as it is mandatory to file notice u/s 143 ( 2 ) with 148. do we do scrutiny assessment when 143 ( 2 ) issued along with 148?
2 Replies
Jouhar Ali
(Article)
(126 Points)
Replied 13 December 2016
As the name states, anIntimation under Section 143(1)is only an Intimation andnot a Scrutiny/ Assessment Order.
Intimation under Section 143(1) is sentonly in the following 3 cases:-
1.Where any tax or interest is foundpayableon the basis of the return after making adjustments referredto in Section 143(1) and after giving credit to the taxes and interest paid; or
2.Where any tax on interest if foundrefundableon the basis of the return after making adjustments referred to in Section 143(1) and after giving credit to the taxes andinterest paid; or
3.Where adjustments referred to in Section 143(1) have been made resulting inincrease/ reduction oflossdeclared by the assessee and no tax or interest is payable by the assessee and no tax or interest is refundable to the assesse
How to deal when you receive Intimation under Section 143(1)
If you have receivedintimation under Section 143(1), you are requested to check the reason for receiving intimation. The intimation would show the income tax return as filed by you and the computation as done by the income tax department.If you are satisfied with the computation done by the income tax department, you should pay the amount of tax payable as per Section 143(1). And in case any refund is due, you don’t have to do anything and you’ll receive the interest in the due course of time.However, in case you are not satisfied with the computation done by the income tax department, you are requested tocontact your Income Tax Officerand discuss with him the reasons for the differences.
Intimation under Section 143(1) is sentonly in the following 3 cases:-
1.Where any tax or interest is foundpayableon the basis of the return after making adjustments referredto in Section 143(1) and after giving credit to the taxes and interest paid; or
2.Where any tax on interest if foundrefundableon the basis of the return after making adjustments referred to in Section 143(1) and after giving credit to the taxes andinterest paid; or
3.Where adjustments referred to in Section 143(1) have been made resulting inincrease/ reduction oflossdeclared by the assessee and no tax or interest is payable by the assessee and no tax or interest is refundable to the assesse
How to deal when you receive Intimation under Section 143(1)
If you have receivedintimation under Section 143(1), you are requested to check the reason for receiving intimation. The intimation would show the income tax return as filed by you and the computation as done by the income tax department.If you are satisfied with the computation done by the income tax department, you should pay the amount of tax payable as per Section 143(1). And in case any refund is due, you don’t have to do anything and you’ll receive the interest in the due course of time.However, in case you are not satisfied with the computation done by the income tax department, you are requested tocontact your Income Tax Officerand discuss with him the reasons for the differences.
Ria
(107 Points)
Replied 13 December 2016
I m saying in decided case of blue moon hotel, it was held 143(2) compulsory for personal details. so do one can also do assessment under 143 (3) based on 143 (2) called with reference to sec 148
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