Assessment procedure: intimation treated as notice of demand with adjusted returns, time limited variation and evidence production requirement. Where a return is filed, any tax or interest found due after adjustments for TDS, advance tax and other payments shall be notified by an intimation deemed to be a notice of demand and refunds shall be granted; the AO shall rectify arithmetical errors, allow prima facie admissible unclaimed carry forwards, deductions or reliefs and disallow prima facie inadmissible claimed items. Subsequent orders causing variations in carry forwards trigger intimations or refunds subject to a four year time bar, and the AO may require attendance or evidence and then make a written assessment.
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Assessment procedure: intimation treated as notice of demand with adjusted returns, time limited variation and evidence production requirement.
Where a return is filed, any tax or interest found due after adjustments for TDS, advance tax and other payments shall be notified by an intimation deemed to be a notice of demand and refunds shall be granted; the AO shall rectify arithmetical errors, allow prima facie admissible unclaimed carry forwards, deductions or reliefs and disallow prima facie inadmissible claimed items. Subsequent orders causing variations in carry forwards trigger intimations or refunds subject to a four year time bar, and the AO may require attendance or evidence and then make a written assessment.
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