Intimation as notice of demand: returns showing tax or interest trigger deemed demand notices; refunds are to be intimated. The substituted sub-section (1) of section 16 provides that if a return shows tax or interest due, an intimation specifying the sum payable shall be sent and is deemed a notice of demand under section 30; if a refund is due it shall be granted and intimated; acknowledgement is deemed intimation where no sum is payable and no refund due. 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 as notice of demand: returns showing tax or interest trigger deemed demand notices; refunds are to be intimated.
The substituted sub-section (1) of section 16 provides that if a return shows tax or interest due, an intimation specifying the sum payable shall be sent and is deemed a notice of demand under section 30; if a refund is due it shall be granted and intimated; acknowledgement is deemed intimation where no sum is payable and no refund due. No intimation may be sent after two years from the end of the assessment year in which net wealth was first assessable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
