TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 141 Income Tax Act allowed provisional assessments before 1971 omission - no appeals permitted against provisional determinations</h1> Section 141 of the Income Tax Act, 1961 originally provided for provisional assessment procedures but was omitted in 1971. The provision allowed Income-tax Officers to make summary provisional assessments based on returns and accompanying documents. It included provisions for depreciation allowances, loss carry-forwards, partner assessments in firms, and registration status considerations for firms. Payments made toward provisional assessments were adjusted against regular assessments, with excess amounts refunded. The section specified that provisional assessments did not prejudice regular assessment determinations and prohibited appeals against provisional assessments.
TaxTMI 
TaxTMI 
