srikumar (audit staff) (1203 Points)
01 April 2014dear sir,
i am really confused for sec 143(2) & 143(3) of income tax act. what is the purpose of each section ? my guess is 143(3) means securtiny assessment ( ask for books of accounts), 143(2) means ( return filled with out books), its corect or wrong? clearly my query.
Vishal Gupta
(CA)
(59 Points)
Replied 01 April 2014
Section 143(2) deals with notice served by assessing officer for making scrutiny assessment under section 143(3). Notice u/s 143(2) is served on assessee requiring him produce evidence in support of his return. Based on evidence produced by the assessee, the assessing officer assesses the income of the assessee(Scrutiny assessment u/s 143(3)).
furnishing of return by assessee > notice u/s 143(2) > assessee produces evidence in support of his return > scrutiny assessment u/s 143(3)
srikumar
(audit staff)
(1203 Points)
Replied 02 April 2014
therefore both sec( 143(2) & 143(3) are scurtiny assessment based on assesse filling the return.
its right ?
Shyam C.Pujara
(Student (C.A Final))
(177 Points)
Replied 02 April 2014
Hi, Srikumar
The reply given by CA. Vishal Gupta is perfect
Assessment is done u/s 143 (3) for which first notice is served u/s 143 (2) based on filling of return
garvit bharti
(CA FINAL)
(370 Points)
Replied 02 April 2014
srikumar
(audit staff)
(1203 Points)
Replied 08 April 2014
thank you above expets now i undrestanding the concept for both section
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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