Tax authority amendment power: law permits revising intimations and adjusting refunds issued under the intimation procedure. The amendment to section 35 adds a provision authorising the wealth-tax authority to amend any intimation previously sent under the assessment intimation ... Summary
Tax authority amendment power: law permits revising intimations and adjusting refunds issued under the intimation procedure.
The amendment to section 35 adds a provision authorising the wealth-tax authority to amend any intimation previously sent under the assessment intimation procedure and to enhance or reduce the amount of refund granted under that intimation, alongside a renumbering of the existing clause.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.