Ameet (L) (1678 Points)
23 April 2010One thing i have dought that
Scrutiny assessment, appeal before CIT(A)- assessee win, revenue goes for appeal before ITAT, ITAT return back to ITO, then again same assessment again 1st round, 2nd round and so on.
Then, whether we have to give impact of such assessments and appeal matters allowance and disallowance on balance sheet on A.Y. 2002-03 or A.Y. 2010-11. If yes, then how we can give becz example-A.Y. 2002-03 keeps on going & going by 1st round , 2nd round and so on.
CA Shiv
(Business Controller)
(2987 Points)
Replied 23 April 2010
well in this case, dont give any accounting ot taxation impact till you get final assessment order. In case of any demand by the department, let them know about it and they will hold it.
Ameet
(L)
(1678 Points)
Replied 23 April 2010
but in some cases they also instruct to file revised return also then ? whether we have to revise all subsequent years return because in one case depn was issue then it goes impact on subsequent year ?
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