Intimation deemed notice of demand: revised provision requires intimation for tax liabilities or refunds within prescribed limitation. The substituted provision requires that when a return is made or filed in response to a notice, an intimation must be sent specifying tax or interest found due after adjustments, and that intimation is deemed to be a notice of demand with all consequential application of the Act; if a refund is due it must be granted with an intimation. The return acknowledgment is treated as intimation where neither tax is payable nor refund due, and no intimation may be issued after the prescribed limitation period from the end of the assessment year in which the income was first assessable.
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.
Intimation deemed notice of demand: revised provision requires intimation for tax liabilities or refunds within prescribed limitation.
The substituted provision requires that when a return is made or filed in response to a notice, an intimation must be sent specifying tax or interest found due after adjustments, and that intimation is deemed to be a notice of demand with all consequential application of the Act; if a refund is due it must be granted with an intimation. The return acknowledgment is treated as intimation where neither tax is payable nor refund due, and no intimation may be issued after the prescribed limitation period from the end of the assessment year in which the income was first assessable.
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