order us 143
santhuamma415@gmail.com (223 Points)
18 October 2018
Can order us 143 be cancelled please explain
4 Replies
rahul
(a)
(1620 Points)
Replied 18 October 2018
Intimation u/s 143(1) is the first stage where all Income-tax returns are processed to correct arithmetical mistakes, internal inconsistencies, tax calculation and verification of tax payment.
At this stage, no verification of income is undertaken. It is completed through computerised processing and there is no human interference.
The return filer is required to read and analyse the intimation. The result varies case to case basis and broadly has three conclusions:
1. No demand No Refund ( but resulting in any increase / reduction in loss)
It is a case where the adjustments as referred to in section 143(1) have been made resulting in increase/ reduction in loss declared by the taxpayer and no interest or tax is payable/ refundable by/ to the assessee.
2. Demand Determined
It is a case where any interest or tax is found payable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer.
3. Refund Determined
It is a case where any amount is found refundable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer
At this stage, no verification of income is undertaken. It is completed through computerised processing and there is no human interference.
The return filer is required to read and analyse the intimation. The result varies case to case basis and broadly has three conclusions:
1. No demand No Refund ( but resulting in any increase / reduction in loss)
It is a case where the adjustments as referred to in section 143(1) have been made resulting in increase/ reduction in loss declared by the taxpayer and no interest or tax is payable/ refundable by/ to the assessee.
2. Demand Determined
It is a case where any interest or tax is found payable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer.
3. Refund Determined
It is a case where any amount is found refundable on the basis of the return after making adjustments as referred to in section 143(1) and after giving credit to the taxes and interest paid by the taxpayer
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 18 October 2018
Yes. 143(1) is just an intimation.
The original poster asked about the order under 143 i.e. 143(3).
I think the proceedings depends upon the discetion of the AO.
The original poster asked about the order under 143 i.e. 143(3).
I think the proceedings depends upon the discetion of the AO.
SHIVANI KUDTARKAR
(511 Points)
Replied 18 October 2018
if order u/s 143(3)has already been passed then it can nor be cancelled. you may file an appeal with CIT(A)
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