Intimation deemed notice of demand where return shows tax or interest due; refund intimations and two year time limit apply. The substituted section 16(1) provides that where a return under section 14 or 15 or in response to a specified notice shows tax or interest due after adjustment, an intimation specifying the sum shall be sent and shall be deemed to be a notice of demand under section 30; if a refund is due it shall be granted and intimated; acknowledgement of the return shall be deemed intimation where no sum is payable or no refund is due; and no intimation may be sent after two years from the end of the assessment year in which net wealth 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 where return shows tax or interest due; refund intimations and two year time limit apply.
The substituted section 16(1) provides that where a return under section 14 or 15 or in response to a specified notice shows tax or interest due after adjustment, an intimation specifying the sum shall be sent and shall be deemed to be a notice of demand under section 30; if a refund is due it shall be granted and intimated; acknowledgement of the return shall be deemed intimation where no sum is payable or no refund is due; and no intimation may be sent after two years from the end of the assessment year in which net wealth was first assessable.
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