Hello Exprt,
I have received IT Notice u/s154. before that I had received one notice u/s 143.
I had corrected and submitted on IT Portal u/s 143. unfortunatly it is rjected and got new notice u/s 154.
Thay have mentione below reason for the same.
THE ASSESSEE HAS SUBMITTED A RECTIFICATION REQUEST, TICKING THE - “TAX/INTEREST COMPUTATION” BOX, UNDER THE CATEGORY - “NO FURTHER DATA CORRECTION REQUIRED, REPROCESS THE CASE”. IT IS SEEN THAT, TAX HAS BEEN COMPUTED CORRECTLY, ON THE INCOME RETURNED BY THE ASSESEE. THE INTEREST U/S. 234B, HAS BEEN CORRECTLY COMPUTED, AS PER THE PROVISIONS OF THAT SECTION. SIMILARLY, INTEREST U/S 234A HAS BEEN
CORRECTLY COMPUTED ON THE AMOUNT OF TAX AS PROVIDED IN SECTION 234A(1). ALSO, INTEREST U/S 234C HAS BEEN COMPUTED, CONSIDERING THE DATE OF REALISATION OF THE ADVANCE TAX PAYMENTS, WHICH IS TO BE ADOPTED AS PER THE PROVISIONS OF GOVERNMENT TREASURY RULES AND RECEIPT & PAYMENT RULES. IN CASE OF DEMAND PAID, CREDIT IS GIVEN AND THE DEMAND IS ROUNDED OFF, AUTOMATICALLY. THERE IS NO REQUIREMENT
FOR FILING A RECTIFICATION APPLICATION. IF THE REQUEST IS FOR CANCELLATION OF THE ADJUSTMENT OF DEMAND, OF EARLIER YEAR(S). THE ADJUSTMENT OF THE EARLIER YEAR(S) DEMAND, IS CORRECT, SINCE THE DEMAND HAS BEEN CORRECTLY COMPUTED IN “CPC” AND THE SAME HAS ALREADY BEEN INTIMATED TO THE ASSESSEE. IN CASE THE ASSESSEE CONSIDERS THE DEMAND RAISED FOR EARLIER YEAR(S) IS INCORRECT, THE ASSESSEE IS REQUIRED TO FILE AN ONLINE RECTIFICATION REQUEST, FOR THAT YEAR(S). AS REGARDS THE DEMAND UPLOADED BY THE ASSESSING OFFICER, THE SAME HAS ALSO BEEN CORRECTLY ADJUSTED, SINCE THE JURISDICTIONAL ASSESSING OFFICER HAS UPLOADED THE SAID DEMAND FOR THAT
YEAR(S). THE ASSESSEE IS REQUESTED TO CONTACT THE JURISDICTIONAL ASSESSING OFFICER, IF THAT YEAR(S) DEMAND IS INCORRECT AND GET THE SAME RECTIFIED BY THE JURISDICTIONAL ASSESSING OFFICER. THE RECTIFICATION RIGHTS, IN YOUR CASE ARE BEING TRANSFERRED TO YOUR ASSESSING OFFICER. KINDLY CONTACT YOUR ASSESSING OFFICER FOR THE SAME. THE DETAILS OF THE JURISDICTIONAL ASSESSING OFFICER ARE AVAILABLE IN THE
“SERVICES” SECTION, ON THE WEBSITE https://www.incometaxindiaefiling.gov.in . IN VIEW OF THE ABOVE, THIS RECTIFICATION APPLICATION IS REJECTED.
I would appriciate if you can giude me how i should proceed further.
Regards,
Hardik Parikh
CAclubindia
