Revised return adjustments: amended intimations can become notices of demand and trigger additional income tax liability. Insertion of sub section (1B) to section 143 makes sub sections (1) and (1A) applicable to revised returns filed under section 139(5) after an intimation or refund; prior intimations and refunds must be amended on the basis of the revised return, increases in amounts paid result in an amended intimation deeming a notice of demand under section 156, reductions lead to refunds, and reduced refunds are treated as tax payable with a deemed notice of demand. A proviso imposes liability for additional income tax where an assessee files a revised return after service of the intimation in relation to specified adjustments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Revised return adjustments: amended intimations can become notices of demand and trigger additional income tax liability.
Insertion of sub section (1B) to section 143 makes sub sections (1) and (1A) applicable to revised returns filed under section 139(5) after an intimation or refund; prior intimations and refunds must be amended on the basis of the revised return, increases in amounts paid result in an amended intimation deeming a notice of demand under section 156, reductions lead to refunds, and reduced refunds are treated as tax payable with a deemed notice of demand. A proviso imposes liability for additional income tax where an assessee files a revised return after service of the intimation in relation to specified adjustments.
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