Scrutiny assessment
CAJ (Proprietor) (74 Points)
01 December 2015
1. Can 142(1) be issued without serving notice u/s 143 (2)?
2. What is the practical difference in both the assessment?
4 Replies
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 01 December 2015
Yes , 142(1) can be issued to compel you to file Return of income. It is a notice which ask you to file Income Tax Return.
However, 143(2) notice is issued in case where return has been already filed and the same is selected for scrutiny.
CAJ
(Proprietor)
(74 Points)
Replied 02 December 2015
Sorry i could not present the question properly. Where the return is filed before due date can 142(1) (with questionnaire) be issued without serving 143(2)?
Secondly what is the practical difference between these two assessments?
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 02 December 2015
Ok..
Sir,
Considering your case I would like to confirm That you are correct, Notice under 142(1)i can be issued only if no return has been filed .
However , Notice under 142(1) ii can be issued even after that requirng you to produce books of accounts..
Please check your notice and confirm the section under which the notice has been issued.
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